Problem 7-08A Grouper Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2022. Sales Purchases Salaries Administrative expenses Selling expenses January $362,000 120,800 84,100 71,400 79,100 February 5400,400 130,700 81,100 73,000 87,300 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 s1,300 of depreciation per month. Other data. 1. Collections from customers: January $329,100; February $378,600. 2. Payments for purchases: January $110,100; February $143,300. 3. Other receipts: January: collection of December 31, 2021, notes receivable $17,600; February: proceeds from sale of securities $5,400. 4. Other disbursements: February $13,000 cash dividend. The company's cash balance on January 1, 2022, is expected to be 547,600. The company wants to maintain a minimum cash balance of $47,440. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter o for amounts.) GROUPER CORP. Cash Budget January February