prepare a cash budget for January and February.

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Bridgeport Company expects to have a cash balance of $45,000 on January 1, 2022. Relevant monthly budget data for the first two months of 2022 are as follows: 2 3. 1 Collections from customers: January $102,000; February $162,000 Payments to suppliers: January $59,000, February $79,000 Direct labour January 29,000; February $46,000. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,000; February $31,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred S. Selling and administrative expenses: January $17,000; February $20,000. These costs are exclusive of depreciation. They are paid as incurred 6 Sales of marketable securities in January are expected to realize $9,000 in cash. 4 Bridgeport Company has a line of credit at a local bank. It can borrow up to $27,000. The company wants to keep a minimum monthly cash balance of $27.000 Prepare a cash budget for January and February BRIDGEPORT COMPANY Cash Budget For the Two Months Ending February 28, 20:22 Month