Martin Company expects to have a cash balance of $$135,000$ on January $1,2020.$ Relevant monthly budget data for the first $2$ months of $2020$ are as follows: Collections from customers: January $$246,500,$ February $$435,000.$ Payments for direct materials: January $$155,000,$ February $$240,000$ Direct labor: January $$90,000,$ February $$135,000.$ Wages are paid in the month they are incurred. Manufacturing overhead: January $$63,000,$ February $$75,000.$ These costs include depreciation of $$5,000$ per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $$45,000,$ February $$60,000.$ These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $$36,000$ in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $$75,000.$ The company wants to maintain a minimum monthly cash balance of $$60,000.$