Sheffield Company expects to have a cash balance of $56,700 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $107,100. February $189,000. Payments for direct materials: January $63,000, February $94,500. Direct labor: January $37,800, February $56,700. Wages are paid in the month they are incurred. Manufacturing overhead: January $26,460. February $31,500. These costs include depreciation of $1,890 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $18,900. February $25,200. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $15,120 in cash. Sheffield Company has a line of credit at a local bank that enables it to borrow up to $31,500. The company wants to maintain a minimum monthly cash balance of $25,200. Prepare a cash budget for January and February. Total Disbursements Disbursements Direct Labor Financing Ending Cash Balance Manufacturing Overthead Excess (Deficiency) of Available Cath Over Cash Disbursements Aegayments Borrowings Receipt: sale of Marketable Socurities Direct Materials Selling and Administrative Expenses Total Available Cash Collections from Customers Total Receipts Beginning Cash Balance SHEFFIELD COMPANY Cash Budget ) i) 77 f