Swifty Company expects to have a cash balance of $$36,900$ on January $1,2022.$ Relevant monthly budget data for the first $2$ months of $2022$ are as follows.

Collections from customers: January $$69,700,$ February $$123,000.$

Payments for direct materials: January $$41,000,$ February $$61,500.$

Direct labor: January $$24,600,$ February $$36,900.$ Wages are paid in the month they are incurred.

Manufacturing overhead: January $$17,220,$ February $$20,500.$ These costs include depreciation of $$1,230$ per month. All other overhead costs are paid as incurred.

Selling and administrative expenses: January $$12,300,$ February $$16,400.$ These costs are exclusive of depreciation. They are paid as incurred.

Sales of marketable securities in January are expected to realize $$9,840$ in cash. Swifty Company has a line of credit at a local bank that enables it to borrow up to $$20,500.$ The company wants to maintain a minimum monthly cash balance of $$16,400.$

Prepare a cash budget for January and Eebruary.

January

Februa

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