Nadia Company expects to have a cash balance of $45,000 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. Collections from customers January $89,800: February 5109 200 2. Payments to suppliers: January $40,100: February $49.900 Direct labour: January $29,800: February $35.000. Wages are paid in the month they are incurred. Manufacturing overhead: January 525.100: February $29,900 Overhead costs are paid as incurred, 5. Selling and administrative expenses: January $15.900; February $21.800. 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, 3 6. o ii Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 January Beginning cash balance February $ Add Cash receipts Collections from customers Sale of investments Total receipts Less Cash disbursements Payment to suppliers Labour Manufacturing overhead -76 Collections from customers Sale of investments Total receipts Less Cash disbursements Payment to suppliers Labour Manufacturing overhead Selling and administrative expenses Total cash available V Financing borrowing needs Ending cash balance S Safor Late Last saved 52 minutes ago Attempts: 0 of 1 used Submit An