Current Attempt in Progress Rigley Company expects to have a cash balance of $46,000 on January 1 2022. These are the relevant monthly budget data for the first two months of 2022 1. 2 3 4. Collections from customers. January $71.000. February $146.000, Payments to suppliers: January $40,000. February $75.000 Wages: January $30,000. February $40.000 Wages are paid in the month they are incurred. Administrative expenses: January $21.000. February $24,000. These costs include depreciation of $1.000 per month An other costs are paid as incurred. Selling expenses: January 515,000. February $20.000. These costs an exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $12.000 in care company has a line of credit ata local bank that enables it to borrow up to $25,000. The company wants to maintain a minimum monthly cash balance of $20,000 5. 6. Prepare a cash budget for January and February (List items that increase cash balance first RIGLEY COMPANY Cash Budget February January Question 5 of 5 71 AIGLEY COMPANY Cash Bant February 5