Teal Mountain Car Care Company expects to have a cash balance of $57,900 on January 1, 2025. These are the relevant monthly budget data for the first two months of 2025. There were no outstanding borrowings at the end of 2024. 1. 2. 3. 4. 5. 6. Collections from customers: January $86,200, February $132,900 Payments to suppliers: January $48,100, February $52,000 Wages: January $36,000, February $42,000. Wages are paid in the month they are incurred. Administrative expenses: January $26,000, February $32,400. These costs include depreciation of $2,000 per month. All other costs are paid as incurred. Selling expenses: January $19,100, February $23,300. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $14,500 in cash. Teal Mountain Car Care Company 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. TEAL MOUNTAIN CAR CARE COMPANY COMPANY Cash Budget For the Months Ending January 30 and February 28, 2025

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TEAL MOUNTAIN CAR CARE COMPANY COMPANY Cash Budget For the Months Ending January 30 and February 28, 2025 Beginning Cash Balance January February Add Receipts Collections from Customers Sale of Short-Term investments Total Avallable Cash Less Disbursements Teal Mountain Car Care Company expects to have a cash balance of $57,900 on January 1,2025 , These are the relevant monthly budget data for the first two months of 2025. There were no outstanding borrowings at the end of 2024. 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. Teal Mountain Car Care Company 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