Current Attempt in Progress Wildhorse Company expects to have a cash balance of $124.200 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 $191,700, February $394,200. Payments to suppliers: January $108,000. February $202,500. Wages: January $81,000, February $108.000. Wages are paid in the month they are incurred. Administrative expenses: January 556,700, February 554,800. These costs include depreciation of $2,700 per month. All other costs are paid as incurred. Selling expenses: January $40,500, February $54,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize 532,400 in cash. Wildhorse Company has a line of credit at a local bank that enables it to borrow up to $67.500. The company wants to maintain a minimum monthly cash balance of $54,000 5. Prepare a cash budget for January and February. (List items that increase cash balance first.) WILDHORSE COMPANY Cash Budget January February $ S > > > > >