Sunland Company expects to have a cash balance of $54,000 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows Collections from customers: January $102,000, February 5180.000. Payments for direct materials: January $60.000. February $90.000 Direct labor: January $36.000, February $54,000. Wages are paid in the month they are incurred. Manufacturing overhead: January $25.200, February $30,000. These costs include depreciation of $1.800 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $18,000, February $24,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $14.400 in cash. Sunland Company has a line of credit at a local bank that enables it to borrow up to $30,000. The company wants to maintain a minimum monthly cash balance of $24,000. Prepare a cash budget for January and February SUNLAND COMPANY Cash Budget January February $ $ >