Bramble Company expects to have a cash balance of $44,000 on January 1,2022 . Relevant monthly budget data for the first two months of 2022 are as follows: 1. Collections from customers: January $98,000; February $160,000 2. Payments to suppliers: January $60,000; February $80,000 3. Direct labour: January $30,000; February $43,000. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $26,000; February $30,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred. 5. Selling and administrative expenses: January $15,000; February $20,000. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of marketable securities in January are expected to realize $9,000 in cash. Bramble Company has a line of credit at a local bank. It can borrow up to $21,000. The company wants to keep a minimum monthly cash balance of $21,000. Prepare a cash budget for January and February. BRAMBLE COMPANY Cash Budget For the Two Months Ending February 28, 2022 Month \begin{tabular}{lllll} \hline & & & Feb \\ \hline & Jan & & \\ \hline & 44000 & $ & \\ \hline \end{tabular} Beginning cash balance Add Cash receipts Collection of notes receivable 98000 160000 Sale of marketable securities Total receipts Total available cash Less : Disbursements Direct materials Direct labour 30000 43000 Manufacturing overhead Selling and administrative expenses Total disbursements Excess of available cash over cash disbursements Financing Borrowing 21000 2100d Repayment Total financing Ending cash balance