Cullumber 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. 2 3. 4. Collections from customers: January $ 82,000. February $ 137,800 Payments to suppliers: January $ 44,800, February $ 52.400 Wages: January $ 36,400. February $ 42,400. Wages are paid in the month they are incurred. Administrative expenses: January $ 26,400, February $ 34,100. These costs include depreciation of $1,900 per month. All other costs are paid as incurred. Selling expenses: January $ 16,800, February $ 20,200. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $ 14,000 in cash. Cullumber has a line of credit at a local bank that enables it to borrow up to $40.000. The company wants to maintain a minimum monthly cash balance of $ 27,000. 5. . 6. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter for amounts.) VLLUMBER COMPANY sh Budget r the Months Ending January 30 and February 28, 2022 January February Beginning Cash Balance 57200 $ Add Receipts Collections from Customers 84000 137800 Sale of Short-Term investments 0 Total Receipts Total Available Cash Less : Disbursements Payments to Suppliers Wages Administrative Expenses Selling Expenses > Total Disbursements Excess (Dehciency) of Available Cash Over Disbursements V Financing Borrowings > Repayments Ending Cash Balance