Martin Company expects to have a cash balance of $ 137,600 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows:

		Collections from customers: January $ 248,400, February $ 430,500.
		Payments for direct materials: January $ 159,900, February $ 233,600
		Direct labor: January $ 90,900, February $ 135,100. Wages are paid in the month they are incurred.
		Manufacturing overhead: January $ 62,900, February $ 74,500. These costs include depreciation of $ 5,100 per month. All other overhead costs are paid as incurred.
		Selling and administrative expenses: January $ 45,100, February $ 61,200. These costs are exclusive of depreciation. They are paid as incurred.
		Sales of marketable securities in January are expected to realize $ 35,900 in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $ 76,200. The company wants to maintain a minimum monthly cash balance of $ 58,800.