Nadia Company expects to have a cash balance of $45,500 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 $110,900. 2. Payments to suppliers: January $40,400; February $50,500. 3. Direct labour: January $29,700; February $34,800. Wages are paid in the month they are incurred. 4. 4 Manufacturing overhead: January $25,000; February $30,300. Overhead costs are paid as incurred. 5. Selling and administrative expenses: January $16,200; February $22,100. 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. 6. Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 January February NADIA COMPANY Cash Budget For 2020 January February $ $ $ $