A selalive penses: Januery $18,300.445,000. These costs include depreciation of $2,300 per hower costs are paid as incurred, Exercise 7-17 Sheridan Company expects to have a cash balance or $105,800 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. 1. Collections from customers: January 8163,300, February $335,800. 2. Payments to suppliers: January $92,000, February $172,500. 3. Wages: January $69,000, February $92,000. Viages are paid in the month they are incurred. February $55,200, T 3: expenses: January 534,50 se costs are are as incurred. 6. Sales of short term investments in January are expected to realize $27,600 in cash. Sheridan Company has a line of credit at a local bank that enables it ta horrow up to $57,500. The company wants to maintain a minimum monthly cash balance of $46,000. Prepare a cash budget for January and February. (List items that increase cash balance first.) 500, SHERIDAN COMPANY Cash Budget January February v A selalive penses: Januery $18,300.445,000. These costs include depreciation of $2,300 per hower costs are paid as incurred, Exercise 7-17 Sheridan Company expects to have a cash balance or $105,800 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. 1. Collections from customers: January 8163,300, February $335,800. 2. Payments to suppliers: January $92,000, February $172,500. 3. Wages: January $69,000, February $92,000. Viages are paid in the month they are incurred. February $55,200, T 3: expenses: January 534,50 se costs are are as incurred. 6. Sales of short term investments in January are expected to realize $27,600 in cash. Sheridan Company has a line of credit at a local bank that enables it ta horrow up to $57,500. The company wants to maintain a minimum monthly cash balance of $46,000. Prepare a cash budget for January and February. (List items that increase cash balance first.) 500, SHERIDAN COMPANY Cash Budget January February v