Nadia Company expects to have a cash balance of $44,500 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. 2 3. Collections from customers: January $89,600; February $110,400 Payments to suppliers: January $39,600; February $49.900. Direct labour: January $29.900; February $34,700. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,100; February $30,300. Overhead costs are paid as incurred. Selling and administrative expenses: January $16,100; February $22,100. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize 510,100 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000 5. 6. Prepare a cash budget for January and February NADIA COMPANY Cash Budget For 2020 January February $ Attempts: 0 of 1 used Submit Answer Save for Later *** 5 W