ingbird Company expects to have a cash balance of $$45,200$ on January $1,2022.$ Kingbird has budgeted the following for the first two onths of the year $2022$:

Collections from customers: January $$89,500$; February $$109,400.$

Payments to suppliers: January $$40,000$; February $$49,500.$

Direct labour: January $$29,700$; February $$35,300.$ Wages are paid in the month they are incured.

Manufacturing overhead: January $$24,900$; February $$30,300.$ Overhead costs are paid as incurred.

Selling and administrative expenses: January $$16,000$; February $$22,000.$ 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. Kingbird Company wants to keep a minimum

monthly cash balance of $$20,000.$ Ignore any interest on amounts borrowed.

repare a cash budget for January and February.

KINGBIRD COMPANY

Cash Budget

For $2022$

January

February

$

$