Nadia Company expects to have a cash balance of $44,800 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. Collections from customers: January $90,700; February $109,500. 2. Payments to suppliers: January $39,900; February $49,700. 3. Direct labour: January $30,300; February $35,100. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $25,200; February $30,200. Overhead costs are paid as incurred. 5. Selling and administrative expenses: January $16,100; February $22,200. 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. Nadia Company wants to keep a minimum monthly cash balance of $20,000. 6. Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 January February Beginning cash balance $ Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 January February Beginning cash balance + + $