Question 5 How Policies Current Attempt in Progress Phowrooh Company expects to have a ch ance of $50,600 onway 1.2022. These are the relevant monthly budget data for the first two months of 2022 1. Collections from customers January 578.100, February $160,600 2. Payments to suppliers: January 540.000. February 582.500 3. Wages: January 533,000. February 544.000 Wages are paid in the month they are incurred 4. Administrative expenses January 23,100. February $26.400. These costs include depreciation of $1,100 per month. All other costs are paid as incurred 5. Selling expenses: January $16.500, February $22.00. These costs are exclusive of depreciation. They are paid as incurred 6. Sales of short-term investments in January are expected to real 513200 in cash Plurash Company has a line of credite alocal bank that it to borrow up to $27.500. The company wants to maintaina minimum monthly cash balance of 522.000 Prepare a cash budget for January and February, is that increase cash baloncest) PHAROAH COMPANY Cash Budget