Question 2 of 16 -/7 = View Policies Current Attempt in Progress Nadia Company expects to have a cash balance of $44.500 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. 2. 3. 4. 4 5. Collections from customers: January $89,600; February $110.400. Payments to suppliers: January $39.600; February $49.900. Direct labour: January $29.900: February $34.700. Wages are paid in the month they are incurred. Manufacturing overhead: January $25,100; February $30,300. Overhead costs are paid as incurred. Selling and administrative expenses: January $16,100; February $22,100. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize $10.100 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000. 5. 6. Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 January February $ GA $ Question 2 of 16 -/7 E January February