Martin Company expects to have a cash balance of $135,100 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows:

		Collections from customers: January $249,800, February $442,100.
		Payments for direct materials: January $156,600, February $246,700
		Direct labor: January $91,700, February $136,600. Wages are paid in the month they are incurred.
		Manufacturing overhead: January $61,700, February $75,200. These costs include depreciation of $4,900 per month. All other overhead costs are paid as incurred.
		Selling and administrative expenses: January $44,600, February $59,300. These costs are exclusive of depreciation. They are paid as incurred.
		Sales of marketable securities in January are expected to realize $35,200 in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $74,700. The company wants to maintain a minimum monthly cash balance of $59,300.

(a)

Prepare a cash budget for January and February.