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 . 2. 3. 4. Collections from customers: January $89.300; February $110.500. Payments to suppliers: January $39,700; February $50.000. Direct labour: January $29,700; February $35.000. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,200; February $30,100. Overhead costs are paid as incurred. Selling and administrative expenses: January $16,100; February $21,900. 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. 5. 6. Prepare a cash budget for January and February Prepare a cash budget for January and February NADIA COMPANY Cash Budget For 2020 January February $ $