- 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 2 3. 4 Collections from customers: January $98.000; February $160.000 Payments to suppliers: January $60,000, February $80,000 Direct labour: January $30,000: February $43,000. Wages are paid in the month they are incurred. Manufacturing overhead. January $26.000; February $30,000. These costs include depreciation of $1.000 per month. Allt other overhead costs are paid as interred. Selling and administrative expenses: January $15,000; February $20,000. These costs are exclusive of depreciation. They are paid as incurred Sales of marketable securities in January are expected to realize $9,000 in cash 5. 6. 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 Mnath