Nadia Company expects to have a cash balance of $45,200 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. Collections from customers: January $89,500; February $109,400. 2. Payments to suppliers: January $40,000: February $49.500, 3. 4. 5. 6. Direct labour: January $29.700; February $35,300. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,900; February $30,300. Overhead costs are paid as incurred. Selling and administrative expenses: January $16,000: February $22,000. 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. Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 Ending cash balance Total disbursements Total receipts Cash disbursements Cash receipts Beginning cash balance. Total cash available Excess of cash over cash disbursements Financing borrowing needs NADIA COMPANY Cash Budget For 2020 January February $