Current Attempt in Progress Nadia Company expects to have a cash balance of $45,400 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020. 1. Collections from customers: January $89,800, February $109,400. 2. Payments to suppliers: January $39,700; February $49,900. 3. 4. 5. 6. Direct labour: January $30,000; February $35,200. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,800, February $30,300. Overhead costs are paid as incurred. Selling and administrative expenses: January $15,800, February $22,000. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize $10,000 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000. Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 January February