Current Attempt in Progress Danner Company expects to have a cash balance of $49,500 on January 1, 2020. Relevant monthly budget data for the first 2 months of 2020 are as follows Collections from customers: January 593,500, February $165.000 Payments for direct materials: January $55.000, February $82,500. Direct labor: January $33,000, February $49,500. Wages are paid in the month they are incurred. Manufacturing overhead: January $23, 100, February $27.500. These costs include depreciation of $1,650 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $16,500, February $22.000. These costs are exclusive of depreciation. They are paid as incurred Sales of marketable securities in January are expected to realize $13,200 in canh Danner Company has a line of credit at a local bank that enables it to borrow up to $27.500 The company wants to maintain a minimum monthly cash balance of $22.000 Prepare a cash budget for January and February DANNER COMPANY Cash Budget January Febru $ >