Oriole Company expects to have a cash balance of $41,400 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. 1. 2. 3. 4. Collections from customers: January $63,900, February $131,400. Payments to suppliers: January $36,000, February $67,500. Wages: January $27,000, February $36,000. Wages are paid in the month they are incurred. Administrative expenses: January $18,900, February $21,600. These costs include depreciation of $900 per month. All other costs are paid as incurred. Selling expenses: January $13,500, February $18,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $10,800 in cash. Oriole Company has a line of credit at a local bank that enables it to borrow up to $22,500. The company wants to maintain a minimum monthly cash balance of $18,000. 5. 6. Prepare a cash budget for January and February. (List items that increase cash balance first.) Cash Budget For the Two Months Ending February 28, 2022 January February Beginning cash balance $ $ > > > >