5 of 8 < View Policies -15 1 Current Attempt in Progress Carla Vista Company expects to have a cash balance of $64,400 on January 1, 2025. These are the relevant monthly budget data for the first two months of 2025. 1. Collections from customers: January $99,400 and February $204,400. 2. Payments to suppliers: January $56,000 and February $105,000. 3. Wages: January $42,000 and February $56,000. Wages are paid in the month they are incurred. 4. 5. 6. Administrative expenses: January $29,400 and February $33,600. These costs include depreciation of $1,400 per month. All other costs are paid as incurred. Selling expenses: January $21,000 and February $28,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $16,800 in cash. Carla Vista has a line of credit at a local bank that enables it to borrow up to $35,000. The company wants to maintain a minimum monthly cash balance of $28,000. Question 5 of 8 CARLA VISTA COMPANT Cash Budget -15 January February $