Ivanhoe Company expects to have a cash balance of $$92,000$ on January $1,2025.$ These are the relevant monthly budget data for the

first two months of $2025.$

Collections from customers: January $$142,000$ and February $$292,000.$

Payments to suppliers: January $$80,000$ and February $$150,000.$

Wages: January $$60,000$ and February $$80,000.$ Wages are paid in the month they are incurred.

Administrative expenses: January $$42,000$ and February $$48,000.$ These costs include depreciation of $$2,000$ per month. All

other costs are paid as incurred.

Selling expenses: January $$30,000$ and February $$40,000.$ These costs are exclusive of depreciation. They are paid as

incurred.

Sales of short$-$term investments in January are expected to realize $$24,000$ in cash. Ivanhoe has a line of credit at a local bank

that enables it to borrow up to $$50,000.$ The company wants to maintain a minimum monthly cash balance of $$40,000.$

Prepare a cash budget for January and February. $($List items that increase cash balance first.$)$