Current Attempt in Progress Nunez Company expects to have a cash balance of $46,000 on January 1, 2020. Relevant monthly budget data for the first two months of 2020 are as follows: 1. Collections from customers: January $101,000; February $158,000 2. Payments to suppliers: January $59,000; February $82,000 3. Direct labour: January $29,000; February $46,000. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $27,000; February $30,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred. 5. Selling and administrative expenses: January $17,000; February $21,000. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of marketable securities in January are expected to realize $11,000 in cash. Nunez Company has a line of credit at a local bank. It can borrow up to $26,000. The company wants to keep a minimum monthly cash balance of $27,000. Prepare a cash budget for January and February. Month Jan Feb Beginning Cash Balance $ Add : Cash Receipts Collection Of Notes Receivable Sale Of Marketable Securities Total Receipts Total Available Cash Less Total Disbursements Purchase Of Land Direct Labour Manufacturing Overhead Collection Of Notes Receivable Total Disbursements Excess of Available Cash Over Cash Disbursements Financing $ $ $ Month Jan Feb Total $ ents $ $ $