Nunez Company expects to have a cash balance of $45,000 on January 1, 2020. Relevant monthly budget data for the first two months of 2020 are as follows:

1.		Collections from customers: January $100,000; February $158,000
2.		Payments to suppliers: January $60,000; February $80,000
3.		Direct labour: January $29,000; February $45,000. Wages are paid in the month they are incurred.
4.		Manufacturing overhead: January $27,000; February $31,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred.
5.		Selling and administrative expenses: January $14,000; February $21,000. These costs are exclusive of depreciation. They are paid as incurred.
6.		Sales of marketable securities in January are expected to realize $10,000 in cash.

Nunez Company has a line of credit at a local bank. It can borrow up to $26,000. The company wants to keep a minimum monthly cash balance of $26,000. Prepare a cash budget for January and February.

NUNEZ COMPANY Cash Budget For the Two Morth Ending February 29, 2020 Month Jan Feb Beginning Chance 45000 26000 71000 Colection From Customers 100000 158000 258000 Sale Of Mark Secure 10000 10000 Total costs 110000 158000 253000 Total Avi Cash 15000 1840001 330000 Exco Ave Cash Over Disburse De Me B0000 BOOOO 140000 Die Labour 20000 45000 74000 Manching Over 26000 30000 56000 Sing And Adv Expenses 14000 21000 35000 Tolosa 120000 178000 305000 Das Recept 26000 2000 34000 Financing Borowia 18000 Pupalat Total Disburse Ending Chain 25000 25000 11000