Sunland Company expects to have a cash balance of $42,300 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Collections from customers: January $79,900, February $141,000. Payments for direct materials: January $47,000, February $70,500. Direct labor: January $28,200, February $42,300. Wages are paid in the month they are incurred. Manufacturing overhead: January $19,740, February $23,500. These costs include depreciation of $1.410 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $14,100, February $18,800. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $11,280 in cash. Sunland Company has a line of credit at a local bank that enables it to borrow up to $23,500. The company wants to maintain a minimum monthly cash balance of $18,800. Prepare a cash budget for January and February. Total Disbursements Excess (Deficiency) of Available Cash Over Cash Disbursements Sale of Marketable Securities Receipts Direct Labor Repayments Manufacturing Overhead Total Available Cash Ending Cash Balance Total Receipts Financing Beginning Cash Balance Disbursements Direct Materials Selling and Administrative Expenses Collections from Customers Borrowings Cash Budget January February $ $ Cash Budget January February $