Enright Company expects to have a cash balance of $60,090 on January 1, 2014. These are the relevant monthly budget data for the first two months of 2014. 1. Collections from customers: January $85,090, February $160,090. 2. Payments to suppliers: January $54,090, February $89,090. 3. Wages: January $31,641, February $41,641. Wages are paid in the month they are incurred. 4. Administrative expenses: January $22,641, February $25,641. These costs include depreciation of $1,000 per month. All other costs are paid as incurred. 5. Selling expenses: January $16,641, February $21,641. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of short-term investments in January are expected to realize $13,641 in cash. Enright has a line of credit at a local bank that enables it to borrow up to $25,000. The company wants to maintain a minimum monthly cash balance of $34,090. Prepare a cash budget for January and February. ENRIGHT COMPANY Cash Budget For the Two Months Ending February 28, 2014