Sheridan Company expects to have a cash balance of $45,000 on January 1,2022. Relevant monthly budget data for the first two months of 2022 areas follows: 1. Collections from customers: January $100,000, February $158,000 2. Paxments to suppliers: January $60,000; February $80,000 3. Direct habor: Jamuary $29,000, February $45,000. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $27,000; February $31,000. These costs include depreciation of $1,000 per month, Ail other overhead costs are pald as incurred. 5. Sellingand administrative expenses: Jandary $14,000; February 521,000 , These costs are exclusive of depr eciation. They are pail as incurted. 6. Sales of inarketsble securities in January areexpicted to realize 510,000 in cash Sheridan Company hus a line of crefit at a local bank, if can borrowup to $26000 The comesorwants to kep a minimum monithy calla balance of $26,000