Oriole Company expects to have a cash balance of $45,300 on January 1, 2022. Oriole has budgeted the following for the first two months of the year 2022: 1. Collections from customers: January $90,900; February $109,600.

2. Payments to suppliers: January $40,000; February $49,800.

3. Direct labour: January $30,300; February $35,200. Wages are paid in the month they are incurred.

4. 5. Manufacturing overhead: January $25,200; February $30,300. Overhead costs are paid as incurred. Selling and administrative expenses: January $15,800; February $22,100. These costs do not include depreciation and they are paid as incurred. 6. Sales of investments in January are expected to realize $10,100 in cash. Oriole Company wants to keep a minimum monthly cash balance of $20,000. Ignore any interest on amounts borrowed. Prepare a cash budget for January and February. Chatg ORIOLE COMPANY Cash Budget For 2022 January February