Martin Company expects to have a cash balance of $136,200 on January 1, 2020. Relevant monthly budget data for the frat 2 months of 2020 are as follows: . Collections from customers: January $242,100, February $431,400. Payments for direct materials: January $154,800, February $234,000 Direct labor: January $90,100, February $134,900. Wages are paid in the month they are incurred. Manufacturing overhead: January $62.600, February $75,700. These costs include depreciation of $5,000 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $44,100, February $60,500. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $36,600 in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $73,500 The company wants to maintain a minimum monthly cash balance of $61.100.