Question 8 View Policies Current Attempt in Progress Oriole Company expects to have a cash balance of $96,600 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022 1. Collections from customers: January $149,100, February $306,600. 2. Payments to suppliers: January $84.000, February $157,500. 3. Wages: January $63.000, February $84,000. Wages are paid in the month they are incurred. 4. Administrative expenses: January $44,100. February $50.400. These costs include depreciation of $2,100 per month. All other costs are paid as incurred 5. Selling expenses: January $31.500. February $42.000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $25,200 in cash. Oriole Company has a line of credit at a local bank that enables it to borrow up to $52.500. The company wants to maintain a minimum monthly cash balance of $42.000. ORIOLE COMPANY Cash Budget January February Beginning cash balance Add : Cash receipts