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 $109,200.
2.		Payments to suppliers: January $40,100; February $49,900.
3.		Direct labour: January $29,800; February $35,000. Wages are paid in the month they are incurred.
4.		Manufacturing overhead: January $25,100; 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.
6.		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 $ CA $ > > > > $ $ $