Martinez Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2022.

Martinez Corp.prepares monthly cash budgets. Here are relevant data from operating budgets for 2022. Sales Purchases Salaries Administrative expenses Selling expenses January $360,600 121,500 84,900 72,000 79,500 February $401,200 131,600 81,700 73,700 86,700 All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred. Administrative expenses include $1,200 of depreciation per month. Other data 1. 2. 3. Collections from customers: January $336,200; February $378,700. Payments for purchases: January $106,900; February $141,100. Other receipts: January: collection of December 31, 2021, notes receivable $17,900; February: proceeds from sale of securities $5,900 Other disbursements: February $12,200 cash dividend. 4. The company's cash balance on January 1, 2022, is expected to be $47,100. The company wants to maintain a minimum cash balance of $56,070 Prepare a cash budget for January and February. (Do not leave any answer field blank Enter for amounts.) MARTINEZ CORP Cash Budget For the Two Months Ending February 28, 2022 January Februar $ Beginning cash balance Add V: Cash receipts Collections from customers Notes receivable