Problem 7-8A Bastille Corporation prepares monthly cash budgets. Here are relevant data from operating budgets for 2017. January February S360,000 $400,000 120,000 130,000 81,000 75,000 79,000 88,000 Sales Purchases Salaries Administrative expenses Selling expenses 84,000 72,000 sales and purchases are on account Budgeted collections and disbursement data are given belo . All other expenses are paid in the month incurred except for administrative expenses, which n de $1,00 of de ciation er month. Other data. Collections from customers: January $326,000; February $378,000. 2. Payments for purchases: January $110,000; February $135,000. 3. Other receipts: January: collection of December 31, 2016, notes receivable $15,000; February: proceeds from sale of securities $4,000. 4. Other disbursements: February $10,000 cash dividend. The company's cash balance on January 1, 2017, is expected to be $46,000. The company wants to maintain a minimum cash balance of $40,000. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.) BASTILLE CORPORATION Cash Budget February January