Martin Company expects to have a cash balance of $133.900 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows: Collections from customers: January $250,200, February $432,900. Payments for direct materials: January $155,600, February $239,600 Direct labor: January $90.900. February $132,900. Wages are paid in the month they are incurred. Manufacturing overhead: January $63,000, February $74,600. These costs include depreciation of $4,900 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $45,400. February $61,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $35.800 in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $73,700. The company wants to maintain a minimum monthly cash balance of $59,200. Prepare a cash budget for January and February Martin Company Cash Budget For the Months Ending February 2020 January February 1 $ $ Beginning Cash Balance Borrowings Collections from Customers Direct Labor Direct Materials Disbursements Ending Cash Balance Excess (Deficiency) of Available Cash over Cash Disbursements Financing Manufacturing Overhead Receipts Repayments Including Interest Sale of Securities Selling and Administrative Expenses Total Available Cash Total Disbursements Total Receipts