Cullumber Company expects to have a cash balance of $ 65,150 on January 1, 2017. These are the relevant monthly budget data for the first two months of 2017.

1. Collections from customers: January $ 90,150, February $ 165,150.

2. Payments to suppliers: January $ 59,150, February $ 94,150.

3. Wages: January $ 31,120, February $ 41,120. Wages are paid in the month they are incurred.

4. Administrative expenses: January $ 22,120, February $ 25,120. These costs include depreciation of $ 1,000 per month. All other costs are paid as incurred.

5. Selling expenses: January $ 16,120, February $ 21,120. These costs are exclusive of depreciation. They are paid as incurred.

6. Sales of short-term investments in January are expected to realize $ 13,120 in cash. Cullumber Company has a line of credit at a local bank that enables it to borrow up to $ 25,000. The company wants to maintain a minimum monthly cash balance of $ 39,150.

Prepare a cash budget for January and February.

	January	February
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