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Prepare a cash budget for January and February

Sheridan Corporation prepares monthly cash budgets. Here are relevant data from operating budgets for 2025. 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 $1,400 of depreciation per month. Other data. 1. Collections from customers: January $329,700; February $378,900. 2. Payments for purchases: January $108,800; February $143,200. 3. Other receipts: January: collection of December 31,2024 , notes receivable $18,900; February: proceeds from sale of securities $5,100. 4. Other disbursements: February $12,700 cash dividend. The company's cash balance on January 1,2025 , is expected to be $47,600. The company wants to maintain a minimum cash balance of $51,430. Prepare a cash budget for January and February. (List items that increase cash balance first.) \begin{tabular}{l} \hline Sale of securltles \\ \hline Collections from customers \\ \hline Notes recelvable \\ \hline Total recelpts \\ \hline \end{tabular} \begin{tabular}{l} Less :0 Cashdlsbursements \\ \hline Salarles \\ \hline Selling expenses \\ \hline Adminlstrative expenses \\ \hline \end{tabular} \begin{tabular}{|r|r|} \hline 83000 & 1 \\ \hline & \\ \hline 78700 & 1 \\ \hline \end{tabular} Total avallable cosh \begin{tabular}{ll|} \hline Purchases \\ \hline & \\ \hline Dlvidends \\ \hline Total disbursements \\ \hline \end{tabular} Excess (deficlency) of avallable cash over dlabursements Flnancing 81708610 Borrowings 1