Sunland Company expects to have a cash balance of $45,000 on January 1, 2022. Relevant monthly budget data for the first two months of 2022 are as follows: 1. Collections from customers: January $102,000; February $156,000 2. Payments to suppliers: January $60,000; February $78,000 3. Direct labour: January $29,000; February $44,000. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $26,000 : February $30,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred. 5. Selling and administrative expenses: January $14,000; February $19,000. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of marketable securities in January are expected to realize $10,000 in cash. Sunland Company has a line of credit at a local bank. it can borrow up to $29,000. The company wants to keep a minimum monthly cash balance of $29.000 Collection of notes receivable Borrowing Direct materials Disbursements Total financing Total available cash Manufacturing overhead Total receipts Financing Direct labour Selling and administrative expenses Beginning cash balance Income tax expense Purchase of land Excess of available cash over cash disbursements Collection from customers Repayment Sale of marketable securities Cash receipts Ending cash balance Total disbursements Manufacturing overhead Seliing and administrative expenses Distburvements Excess of avaliable cash over cash disbursements : Firanding Borrowine peparment Ending mbibalance eTextbook, and Media SUNLAND COMPANY Cash Budget For the Two Months Ending February 28, 2022