CULLUMBER COMPANY Cash Budget January $ $ Prepare a cash budget for January and February. (List items that increase cash balance first.) Cullumber Company expects to have a cash balance of $32,200 on January 1,2025 . These are the relevant monthly budget data for the first two months of 2025 . 1. Collections from customers: January $49,700 and February $102,200. 2. Payments to suppliers: January $28,000 and February $52,500. 3. Wages: January $21,000 and February $28,000, Wages are paid in the month they are incurred. 4. Administrative expenses: January $14,700 and February $16,800. These costs include depreciation of $700 per month. All other costs are paid as incurred. 5. Selling expenses: January $10,500 and February $14,000. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of short-term investments in January are expected to realize $8,400 in cash. Cullumber has a line of credit at a local bank that enables it to borrow up to $17,500. The company wants to maintain a minimum monthly cash balance of $14,000. Prepare a cash budget for January and February. (List items that increase cash balance first.)