Vaughn Company gepects to have a cash balance of $55,800 on January 1, 2022. Relevant monthly budget data for the first 2 months of 2022 are as follows. Coldections from customers: January $105,400, February $186,000 Payments for direct materlals: January $62000, February $93,000. Direct labon January $37,200, February $55,800. Wages are paid in the month they are incurred. Manufacturing overhead: January 526,040 , Rajuary $31,000. These costsinclude depreciation of $1,860 per month. All other overhead costs are paid as incurred. Selling and adininistrative expenses: January $18.600. February $24.800. These costs are exclusive of depreciation. They are paid as incurred. Soles of marketable securities in January are expected to realize $14.880 in cash Vaughn Company has a line of credit at a local bank that enables it to borrow up to $31,000. The company wants to maintain a minimum monthly cash balance of $24,800