Flounder corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2022.

View Policies Current Attempt in Progress Flounder Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2022. Sales Purchases. Salaries Administrative expenses Selling expenses January $360,100 120,200 84,500 71,400 79,900 February $400,100 131,500 81,000 73,500 86,200 All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred. Administrative expenses include $1,000 of depreciation per month. All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred. Administrative expenses include $1,000 of depreciation per month. Other data. Collections from customers: January $332,300; February $378,200. Payments for purchases: January $107,700; February $141,500. Other receipts: January: collection of December 31, 2021, notes receivable $17,000; February: proceeds from sale of securities $6,400. 4. Other disbursements: February $12,300 cash dividend. 1. 2. 3. The company's cash balance on January 1, 2022, is expected to be $48.700. The company wants to maintain a minimum cash balance of $52,470. Prepare a cash budget for January and February. (Do not leave any answer field blank Enter for amounts) FLOUNDER CORP. Cash Budget eTextbook and Media