Nadia Company expects to have a cash balance of $45,300 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 $110,600.
2.		Payments to suppliers: January $40,300; February $49,600.
3.		Direct labour: January $29,700; February $34,700. Wages are paid in the month they are incurred.
4.		Manufacturing overhead: January $24,900; February $30,300. Overhead costs are paid as incurred.
5.		Selling and administrative expenses: January $16,200; February $22,000. These costs do not include depreciation and they are paid as incurred.
6.		Sales of investments in January are expected to realize $10,000 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 $