Cullumber Company expects to have a cash balance of $$87,400$ on January $1,2025.$ These are the relevant monthly budget data for the first two months of $2025.$

Collections from customers: January $$134,900$ and February $$277,400.$

Payments to suppliers: January $$76,000$ and February $$142,500.$

Wages: January $$57,000$ and February $$76,000.$ Wages are paid in the month they are incurred.

Administrative expenses: January $$39,900$ and February $$45,600.$ These costs include depreciation of $$1,900$ per month. All other costs are paid as incurred.

Selling expenses: January $$28,500$ and February $$38,000.$ These costs are exclusive of depreciation. They are paid as incurred.

Sales of short$-$term investments in January are expected to realize $$22,800$ in cash. Cullumber has a line of credit at a local bank that enables it to borrow up to $$47,500.$ The company wants to maintain a minimum monthly cash balance of $$38,000.$

Prepare a cash budget for January and February. $($List items that increase cash balance first.$)$

CULLUMBER COMPANY Cash Budget

For the Two Months Ending February $28,2025$

January

February