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Exercise 23-14 Danner Company expects to have a cash balance of $56,115 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows: Collections from customers: January $105,995, February $187,050 Payments for direct materials: January $62,350, February $93,525. Direct labor: January $37,410, February $56,115. Wages are paid in the month they are incurred. Manufacturing overhead: January $26,187, February $31,175. These costs include depreciation of $1,870 per month. All other overhead costs are paid as incurred. Sg and administrative expenses: January $18,705, February $24,940. These costs are exclusive of depreciation. They are paid as incurred sales of marketable securities in January are expected to realize $14,954 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $31,175. The company wants to maintain a minimum monthly cash balance of $24,940 Prepare a cash budget for January and February.(Do not leave any answer field blank. Enter "o" for amounts.) DANNER COMPANY Cash Budgeft