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Question 1 of 2 - / 15 ili View Policies Current Attempt in Progress Nadia Company expects to have a cash balance of $44.800 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1 2. 3 4. Collections from customers: January $90,700; February $109,500. Payments to suppliers: January $39.900; February $49,700. Direct labour: January $30,300; February $35,100 Wages are paid in the month they are incurred. Manufacturing overhead: January $25,200; February $30,200. Overhead costs are paid as incurred. Selling and administrative expenses: January $16,100; February $22.200. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize $9,900 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000 S. 6. Prepare a cash budget for January and February NADIA COMPANY Cash Budget For 2020 January February $