Ortega company has cash balance in January $46.000 and the following monthly data,

Accounts Receivable: January $80.000. February $150.000

Payments: January $40.000. February $65.000

Direct Labor: January $30. 000.February $40.000.

M/OH: January $18. 000.February $30.000 including $ 1000 depreciation.

Administrative expenses: January $20.000 February $15.000 including $ 1000 depreciation

Sales of marketable securities in January are $20.000 in cash and in February $5.000.

The company can borrow up to $15.000 and wants to maintain a minimum of $30.000 each month.

Prepare a cash budget for each month.