1. Blossom Company expects to have a cash balance of $78,200 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. Collections from customers: January $120.700. February $248,200. 2. Payments to suppliers: January $68,000. February $127,500. 3. Wages: January $51.000, February $68,000. Wages are paid in the month they are incurred. Administrative expenses: January $35,700, February $40,800. These costs include depreciation of $1,700 per month. All other costs are paid as incurred. Selling expenses: January $25,500, February 534,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $20.400 in cash. Blossom Company has a line of credit at a local bank that enables it to borrow up to $42.5.00. The company wants to maintain a minimum monthly cash balance of $34.000. 5. 6. Prepare a cash budget for January and February (Let items that increase cash balance first.)