Current Attempt in Progress Coronado Comowy expects to have a cash balance of 541400 on January 1, 2022. Relevant monthly budget data for the first2 months of 2022 are as follows Collections from customers: January $78,200. February $138.000 Payments for direct materials: January $40.000, February $69.000 Direct labor: January $27,600. February 541,400 Wages are paid in the month they are incurred. Manufacturing overhead January $19.320 February $23.000. These costs include depreciation of 51.380 per month. Al other overhead costs are paid as incurred Stilling and administrative experie: January $13.800. Februby 518,400. These costs are exclusive of depreciation. They are paid incurred Sales of marketable securities in January are expected to retire $11.040 in cash Coronado Company has a line of credit at a loc bank that enables it to borrow up to $23.000 The company wants to maintain a minimum monthly cash balance of 1.400 Prepare a cash budget for January and February CORONADO COMPANY Cash Budget January February CORONADO COMPANY Cash Budget January February $ $ $ e Textbook and Media Attempts: 0 of 3 used Submit