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Bramble Company prepares monthly cash budgets. Relevant data from operating budgets for 2017 are as follows: Sales Direct materials purchases Direct labor Manufacturing overhead Selling and administrative expenses January $382,320 127,440 95,580 74,340 83,898 February $424,800 132,750 106,200 79,650 90,270 All sales are on account Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are bald in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,062 of depreciation per month. Other data: 1 Credit sales: November 2016, $265,500: December 2016, $339,840. 2 Purchases of direct materials: December 2016, $106,200. Other receipts: January-Collection of December 31, 2016, notes receivable $15,930 February --Proceeds from sale of securities $6,372. Other disbursements: February -- Payment of $6,372 cash dividend. 3. 4. The company's cash balance on January 1, 2017 is expected to be $63,720. The company wants to maintain a minimum cash balance of $53,100. Prepare a cash budget for January and February in columnar form. (Do not leave any answer field blank. Enter o for amounts.) BRAMBLE COMPANY Cash Budget For the Two Months Ending February 28, 2017 : January $ 346212 Collections from Customers +

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