p 2 31% D Mon 10:43 AM James Drake a C Secure htt ti/main.uni VileyPLUS Widhorse Company expects to have a cash balance of $63, 300 on January 1, 2017. Thene are the relevant monthiy budget data for the first two months of 2017 1. Collections from customers: January 88,300, February $163,300 2. Payments to suppliers: January $57,300, Pebruary $92,300 3. Wages: January 1,740, set rary S41,7ea wages are paid the month they re named. 4 Administrative expenses: January s22,740, February s25,40. These costs include depeciation of $1,000 ser month. All other costs are paid as incurred 5. Selling expenses: January $16,740, Febuary $21,700. These costs are exclusive of deprecianen. They are paid as incured of short-term investments in Januanry are expected to realize $13,240 in cash. Widhorse Compuny has s line of credit o a local bank that enabies it to bomo up to s25,000. The company wants to mantan a minimum monthly cash balance of $37,300 Prepare a ain b for January and Febrary. MacBook Air