Kingbird Company expects to have a cash balance of $45,200 on January 1, 2022. Kingbird has budgeted the following for the first two months of the year 2022: 1. Collections from customers: January $89,500; February $109,400. 2. Payments to suppliers: January $40,000; February $49,500. 3. Direct labour: January $29,700; February $35,300. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $24,900; February $30,300. Overhead costs are paid as incurred. 5 . Selling and administrative expenses: January $16,000; February $22,000. These costs do not include depreciation and they are paid as incurred. 6. 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. Prepare a cash budget for January and February.Prepare a cash budget for January and February. KINGBIRD COMPANY Cash Budget For 2022 January February $Close $ Save for Later