Crane Company expects to have a cash balance of $133,400 on January 1, 2025. These are the relevant monthly budget data for the first two months of 2025.

Crane Company expects to hive a cash balance of $133,400 on lanuary 1.2025. These are the relevant monthly budget data for the first two months of 2025. 1. Collections from customers: January $205,900 and February $423.400. 2. Payments to suppliers: January $116,000 and February $217,500 3. Wagesi Jarwary $87,000 and February $116,000 Wages are pald in the menth they are incurred 4. Administrative expenses: January $60,500 and Fetruary $69,600 These costs include denreciation of 32,900 per month All other costs are pald as incurced. 5. Seiling expenses: January $43,500 and February $58,000. These costs are exctuslye of depreciation. They are paid as incurred. 6. Sales of shortiterm investments in January are expected to realize $34 a00 in cast. Crane has a line of credit at a local bank that enables it to bocrow up to $72,500. The company wants to maintain a minimurs monthly cash balance of $58.000. Prepare a cash budget for lanuary and February. (List ifems that increose cash balance first? CRANE COMPANY Cash Budget For the Two Months Ending February 28, 2025 January MacBook Air eTextbook and Media Save for Later Attempts: 0 of 3 used Submit