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. SHEFFIELD COMPANY Cash Budget For the Two Months Ending February 28, 2022 January February Beginning Cash Balance $ $ Add Collections from Customers Sale of Marketable Securities Total Available Cash Excess (Deficiency) of Available Cash Over Cash Disbursements Direct Materials Direct Labor Manufacturing Overhead Selling and Administrative Expenses Disbursements Ending Cash Balance Financing Borrowings Repayments Ending Cash Balance $ $