Prepare a cash budget for January and February.

1. Payments for direct materials: January $43,000, February $64,500.
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3. Direct labor: January $25,800, February $38,700. Wages are paid in the month they are incurred.
4. 
   
5. Manufacturing overhead: January $18,060, February $21,500. These costs include depreciation of $1,290 per month. All other overhead costs are paid as incurred.
6. 
   
7. Selling and administrative expenses: January $12,900, February $17,200. These costs are exclusive of depreciation. They are paid as incurred.
8. 
   
9. Collections from customers: January $73,100, February $129,000.
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11. Sales of marketable securities in January are expected to realize $10,320 in cash. 
12. 
    
13. Concord Company has a line of credit at a local bank that enables it to borrow up to $21,500.
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15.  The company wants to maintain a minimum monthly cash balance of $17,200.