Nadia Company expects to have a cash balance of $44,600 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: Collections from customers: January $90,800; February $110,100. 1. Payments to suppliers: January $40,300; February $50,300. 123 2. 3. 4. 5. 6. Direct labour: January $29,700; February $34,700. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,800; February $29,700. Overhead costs are paid as incurred. Selling and administrative expenses: January $16,000; February $22,200. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize $10,100 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000. Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 January February $