Nadia Company expects to have a cash balance of $45,400 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. 2. 3. 4. 5. Collections from customers: January $89,800; February $109.400. Payments to suppliers: January $39,700; February $49,900. Direct labour: January $30,000, February $35,200. Wages are paid in the month they are incurred. Manufacturing overhead: January $24,800; February $30,300 Overhead costs are paid as incurred. Selling and administrative expenses: January $15,800; February $22,000. These costs do not include depreciation and they are paid as incurred. 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 C A QueSLUNUN -11 !!! Prepare a cash budget for January and February NADIA COMPANY Cash Budget For 2020 January February . Type here to search o Save for Later Attempts: 0 of 1 used Submit Answer Type here to search O BI 0