Martin Company expects to have a cash balance of $137,400 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows:

		Collections from customers: January $251,400, February $440,900.
		Payments for direct materials: January $162,300, February $246,100
		Direct labor: January $89,300, February $135,600. Wages are paid in the month they are incurred.
		Manufacturing overhead: January $63,100, February $74,100. These costs include depreciation of $5,100 per month. All other overhead costs are paid as incurred.
		Selling and administrative expenses: January $44,800, February $60,700. These costs are exclusive of depreciation. They are paid as incurred.
		Sales of marketable securities in January are expected to realize $35,700 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 $60,400.

(a)

Prepare a cash budget for January and February.