Blossom Company expects to have a cash balance of $128,800 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. 1. 2. 3. 4. Collections from customers: January $198,800, February $408,800. Payments to suppliers: January $112,000, February $210,000. Wages: January $84.000, February $112,000. Wages are paid in the month they are incurred. Administrative expenses: January $58,800, February $67,200. These costs include depreciation of $2,800 per month. All other costs are paid as incurred. Selling expenses: January $42,000, February $56,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $33,600 in cash. Blossom Company has a line of credit at a local bank that enables it to borrow up to $70,000. The company wants to maintain a minimum monthly cash balance of $56,000. 5. 6. Cash Budget January February $