Oriole Company expects to have a cash balance of $57,550 on January 1, 2017. These are the relevant monthly budget data for the first two months of 2017.

1.		Collections from customers: January $82,550, February $157,550.
2.		Payments to suppliers: January $51,550, February $86,550.
3.		Wages: January $30,850, February $40,850. Wages are paid in the month they are incurred.
4.		Administrative expenses: January $21,850, February $24,850. These costs include depreciation of $1,000 per month. All other costs are paid as incurred.
5.		Selling expenses: January $15,850, February $20,850. These costs are exclusive of depreciation. They are paid as incurred.
6.		Sales of short-term investments in January are expected to realize $12,850 in cash. Oriole Company has a line of credit at a local bank that enables it to borrow up to $25,000. The company wants to maintain a minimum monthly cash balance of $31,550.

Prepare a cash budget for January and February.