Z Your answer is partially correct. Try again. Bramble Company expects to have a cash balance of $48,465 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $91,545, February $161,550. Payments for direct materials: January $53,850, February $80,775. Direct labor: January $32,310, February $48,465. Wages are paid in the month they are incurred. Manufacturing overhead: January $22,617, February $26,925. These costs include depreciation of $1,615 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $16,155, February $21,540. These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $12,924 in cash. Bramble Company has a line of credit at a local bank that enables it to borrow up to $26,925. The company wants to maintain a minimum monthly cash balance of $21,540. Dranare erh CALCULATOR MESSAGE MY INS For the Two Months Ending February 28, 2017 : February January 48465 29617 Beginning Cash Balance Add : Receipts 91545 161550 Collections from Customers 12924 Sale of Marketable Securities Total Receipts 161550 104469 191167 152934 Total Available Cash Repayments Less : 53850 Direct Materials 80775 Total Disbursements 32310 48465 Manufacturing Overhead 25310 21002 Selling and Administrative Expenses 21540 16,155 123317 Total Available Cash 176090 Total Disbursements 32310 48465 Manufacturing Overhead 21002 25310 Selling and Administrative Expenses 16,155 21540 Total Available Cash 123317 176090 Ending Cash Balance 15077 29617 Financing Borrowings 6463 Repayments Ending Cash Balance 21540 29617