Crane Company expects to have a cash balance of $57,200 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2017. 1. Collections from customers: January $82,900, February $135,000 2. Payments to suppliers: January $42,700, February $52,300 3. Wages: January $36,300, February $42,300. Wages are paid in the month they are incurred. 4. Administrative expenses: January $26,300, February $33,300. These costs include depreciation of $2,600 per month. All other costs are paid as incurred. 5. Selling expenses: January $16,600, February $22,400. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of short-term investments in January are expected to realize $12,500 in cash. Crane has a line of credit at a local bank that enables it to borrow up to $43,800. The company wants to maintain a minimum monthly cash balance of $30,000. CRANE COMPANY Cash Budget For the Months Ending January 30 and February 28, 2022 January February Beginning Cash Balance 57200 -> A