Question 2 of 16 View Policies Current Attempt in Progress -/7 1 Nadia Company expects to have a cash balance of $45,500 on January 1. 2020. Nadia has budgeted the following for the first two months of the year 2020 1 Collections from customers: January $89,800, February $110,900. 2 Payments to suppliers: January $40.400, February $50.500. 3. Direct labour: January $29.700; February $34,800 Wages are paid in the month they are Incurred 4. 5 Manufacturing overhead: January $25,000 February $30.300. Overhead costs are paid as incurred Selling and administrative expenses: January $16.200: 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 Prepare a cash budget for January and February