Cullumber Company expects to have a cash balance of $32,200 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. 1. Collections from customers: January $49,700, February $102,200. 2. Payments to suppliers: January $28,000, February $52,500. 3.Wages: January $21,000, February $28,000. Wages are paid in the month they are incurred. 4.Administrative expenses: January $14,700, February $ 16,800. These costs include depreciation of $700 per month. All other costs are paid as incurred. 5.Selling expenses: January $10,500, 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 Company 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.) -13 Question 2 of 4 CULLUMBER COMPANY Cash Budget January February $ Jestion 2 of 4 $ $