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. 2. 3. 4 Collections from customers: January 589,800, February $110.000 Payments to suppliers: January $40400: February 550.500. Direct labour: January $29.700. February $34.800. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,000. February $30,300. Overhead costs are paid as incurred. Selling and administrative expenses: January $16.200; February 522.100. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize 510.100 in cash, Nadia Company wants to keep a minimum monthly cash balance of $20,000 5. 6. NADIA COMPANY Cash Budget For 2020 January February $ $ $