please fill out the cash budget sheet for march 2020 correctly utilize the accounts provided and in return i will provide a thumbs up

Current Attempt in Progress . Martin Company expects to have a cash balance of $136,400 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows: Collections from customers January $248.200, February $434,200. Payments for direct materials: January $156,900, February $239,900 Direct labor: January $91,300, February $135.900. Wages are paid in the month they are incurred. Manufacturing overhead: January $63,000, February $75,800. These costs include depreciation of $5,100 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $44.200, February $59.000. These costs are exclusive of depreciation. They are paid as incurred Sales of marketable securities in January are expected to realize $36,500 in cash. Martin Company has a line of credit at the local bank that enables it to borrow up to $75,200. The company wants to maintain a minimum monthly cash balance of $59.000 . . . Martin Company Cash Budget For the Months Ending February 2020 January Fi Beginning Cash Balance $ 136400 $ Add: Receipts Collections from Customers 248200 Sale of Securities 36500 Total Receitas 284700 Total Available Cash 421100 Less Disbursements Direct Materials (156900) Direct Labor (91300) i Manufacturing Overhead (57900) Selling and Administrative Expenses (44200) Total Disbursements (350300) Excess Denciency of Available Cash over Cash Disbursements 70800 Financing Add V: Receipts Collections from Customers 248200 Sale of Securities 36500 Total Receipts 284700 Total Available Cash 421100 Less : Disbursements Direct Materials (156900) Direct Lab (91300) i Manufacturing Overhead (57900) i Selling and Administrative Expenses (44200) Total Disbursements (350300) Excess (Deficiency) of Available Cash over Cash Disbursements 70800 Financing Add Borrowings 0 Less . Repayments including interest 0 Ending Cash Balance 70800 $ wan February January 136,400 Lalance $ $ $ 70,800 ceipts n Customers 421.100 505.000 bursements -57.900 -70.700 i inistrative Expenses 44 200 59.000 Tents 350.300 i -505.500 of Available Cash over Cash Disbursements 70.800 1500) Trowings > 0 59.500 payments including interest 0 Question 1 of 1 284,700 434,200 sh 421,100 505,000 ibursements -156,900 i -239,900 i -91,300 i - 135,900 Overhead -57,900 i - 70.700 inistrative Expenses -44.200 i -59,000 rents -350,300 -505,500 V of Available Cash over Cash Disbursements 70,800 (500) rrowings 0 59.500 payments including interest 0 ince $ 70,300 $ 59.000 ht (61) Martin Company's chief financial officer feels that it is important to have data for the entire quarter especially since their financial forecasts indicate some difficult economic periods in the coming year. March information has been budgeted as follows: . Collections from customers: $375,400 Payments for direct materials: $206,200 Direct labor: Wages paid in March $117,300 Manufacturing overhead: $63,300. This includes the monthly depreciation of $5,100. Selling and administrative expenses: $50,800. This cost is exclusive of depreciation. Marketable securities of $48,400 can be sold if needed for additional cash. . . Prepare a cash budget for March assuming that the company does not sell the marketable securities. Martin Company Cash Budget For the Month Ending March 2020 Beginning Cash Balance Add Receipts Collections from Customers > Sale of Securities > Total Receipts beginning cash balance Add: Receipts Collections from Customers Sale of Securities Total Receipts Total Available Cash > Less: Disbursements Direct Materials Ending Cash Balance