Sandhill Company expects to have a cash balance of $57,900 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2017.

1. Collections from customers: January $86,200, February $132,900

2. Payments to suppliers: January $48,100, February $52,000

3. Wages: January $36,000, February $42,000. Wages are paid in the month they are incurred.

4. Administrative expenses: January $26,000, February $32,400. These costs include depreciation of $2,000 per month. All other costs are paid as incurred.

5. Selling expenses: January $19,100, February $23,300. These costs are exclusive of depreciation. They are paid as incurred.

6. Sales of short-term investments in January are expected to realize $14,500 in cash. Sandhill has a line of credit at a local bank that enables it to borrow up to $44,100. The company wants to maintain a minimum monthly cash balance of $26,000.

Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.)

SANDHILL COMPANY Cash Budget For the Months Ending January 30 and February 28, 2022 January February $ $ $ $ Beginning Cash Balance Excess (Deficiency) of Available Cash Over Disbursements Receipts Disbursements Financing Total Receipts Selling Expenses Collections from Customers Administrative Expenses Total Disbursements Repayments Payments to Suppliers Total Available Cash Wages Ending Cash Balance Borrowings Sale of Short-Term investments