Bastille Corporation prepares monthly cash budgets.

Here are relevant operating budgets for 2017:

January February
Sales $360,000 $400,000
Purchases 120,000 130,000
Salaries 84,000 81,000
Administration expenses 72,000 75,000
Selling expenses 79,000 88,000
All sales and purchases are on account.

Budgeted collections and disbursement data are given below.

All other expenses are paid in the month incurred.

Administrative expenses include $1,000 of depreciation per month.

Other data:
1. Collections from customers: January $326,000; February $378,000.
2. Payments for purchases: January $110,000; February $135,000.
3. Other receipts: January - collection of December 31, 2016 notes receivable $15,000; February - proceeds from sale of securities $4,000.
4. Other disbursements: February $10,000 cash dividend.
The company's cash balance on January 1, 2017 is expected to be $46,000. The company wants to maintain a minimum cash balance of $40,000.

Required:

Prepare a cash budget for January and February.