Current Attempt in Progress Sunland Company expects to have a cash balance of $110,400 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 $170,400, February $350,400. Payments to suppliers: January $96,000, February $180,000. Wages: January $72,000, February $96.000. Wages are paid in the month they are incurred. Administrative expenses: January $50,400, February $57,600. These costs include depreciation of $2,400 per month. All other costs are paid as incurred. Selling expenses: January $36.000. February $48.000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $28,800 in cash. Sunland Company has a line of credit at a local bank that enables it to borrow up to $60,000. The company wants to maintain a minimum monthly cash balance of $48,000. 5. 6. SUNLAND COMPANY Cash Budget January February >