Blossom Company expects to have a cash balance of $56,000 on January 1, 2017. These are the relevant monthly budget data for the first two months of 2017 1. Collections from customers: January $81,000, February $156,000. 2. Payments to suppliers: January $50,000, February $85,000 3. Wages: January $30,010, February $40,010. Wages are paid in the month they are incurred 4. Administrative expenses: January $21,010, February 24,010. These costs include depreciation of $1,000 per month. All other costs are paid as incurred. 5. Selling expenses: January $15,010, February $20,010. These costs are exclusive of depreciation. They are paid as incurred 6. Sales of short-term investments in January are expected to realize $12,010 in cash. Blossom Company has a line of credit at a local bank that enables it to borrow up to $25,000. The company wants to maintain a minimum monthly cash balance of $30,000 Prepare a cash budget for January and February BLOSSOM COMPANY Cash Budget anuar Februar