Sunland Company expects to have a cash balance of $110,400 on January 1,2025 . These are the relevant monthly budget data for the first two months of 2025 . 1. Collections from customers: January $170,400 and February $350,400. 2. Payments to suppliers: January $96,000 and February $180,000. 3. Wages: January $72,000 and February $96,000. Wages are paid in the month they are incurred. 4. Administrative expenses: January $50,400 and February $57,600. These costs include depreciation of $2,400 per month. All other costs are paid as incurred. 5. Selling expenses: January $36,000 and February $48,000. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of short-term investments in January are expected to realize $28,800 in cash. Sunland has a line of credit at a local bank that enables it to borrow up to $60,000. The company wants to maintain a minimum monthly cash balance of $48,000