Oriole Company expects to have a cash balance of $47,000 on January 1, 2022. Relevant monthly budget data for the first two months of 2022 are as follows: 1. Collections from customers: January $102,000; February $157,000 2. Payments to suppliers: January $60,000; February $79,000 3. Direct labour: January $32,000; February $43,000. Wages are paid in the month they are incurred. 4. 5. Manufacturing overhead: January $25,000; February $32,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $15,000; February $21,000. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of marketable securities in January are expected to realize $10,000 in cash. Oriole Company has a line of credit at a local bank. It can borrow up to $28,000. The company wants to keep a minimum monthly cash balance of $28,000.