Problem 7-8A Bramble Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2017 February $361,500 $401,100 130,500 81,000 73,800 87,600 January Sales Purchases Salaries Administrative expenses Selling expenses 120,300 84,800 71,300 78,700 All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred except for administrative expenses, which include $1,200 of depreciation per month Other data 1. Collections from customers: January $329,800; February $379,000 2. Payments for purchases: January $101,900; February $140,000 3. Other receipts: January: collection of December 31, 2016, notes receivable $18,700; February: proceeds from sale of securities $5,100 4. Other disbursements: February $13,000 cash dividend The company's cash balance on January 1, 2017, is expected to be $47,600. The company wants to maintain a minimum cash balance of $57,420 Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.)