Problem 7-08A Ayayai Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2022. January $360,700 Sales Purchases 120,800 February $401,600 131,300 81,600 73,000 86,000 Salaries 84,200 70,900 Administrative expenses Selling expenses 78,100 All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred. Administrative expenses include $1,000 of depreciation per month. Other data. 1. Collections from customers: January $331,800; February $378,100. 2. Payments for purchases: January $106,100; February $141,100. 3. Other receipts: January: collection of December 31, 2021, notes receivable $18,000; February: proceeds from sale of securities $5,400. 4. Other disbursements: February $12,700 cash dividend. The company's cash balance on January 1, 2022, is expected to be $47,000. The company wants to maintain a minimum cash balance of $55,410. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter o for amounts.) AYAYAI CORP. Cash Budget For the Two Months Ending February 28, 2022 V January February 47000 Beginning cash balance $ Add v Cash receipts : Sale of securities 5400 Collections from customers 331800 378100 Notes receivable 18000 Total receipts 396800 Total available cash Less Cash disbursements Borrowings > Repayments Ending cash balance $ $