Question 12 View Policies Current Attempt in Progress Danner Company expects to have a cash balance of $56.250 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows. Collections from customers January 5106.250. February $187.500. Payments for direct materials: January 562.500, February $93.750. Direct labor: January $37.500. February 556.250. Wages are paid in the month they are incurred. Manufacturing overhead: January $26.250. February $31.250. These costs include depreciation of $1875 per month. All other overhead costs are paid as incurred Selling and administrative expenses: January $18.750. February $25,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January we expected to realize 515.000 inash Damer Company has a line of credit at a local bank that enables it to borrow up to $31.250. The company wants to maintain a minimum monthly cash balance of $25.000 Prepare a cash budget for January and rehnan Prepare a cash budget for January and February DANNER COMPANY Cash Budget January February pe here to search