Two seperate problems

Exercise 7-14 Cullumber Company axpects to have a cash balance of $61,650 on January 1, 2017. These are the relevant monthly budget data for the first two months of 2017. 1. Collections from customers: January $86,650. February 161,650. 2. Payments to suppliers: January $55,650. February 90,650 3. wages: January 30,490. February $40,490, wages are paid in the month they are incurred. 4. Administrative expenses: January s$21,490, February $24,490. These coats include deprediation of $1,odo per month. All other costs are paid as inourred 5. Selling expenses: January SIS,490, February $20,400These costs are exclusive of deprecation. They are paid as incurred. 6. Sales of short term investments in January arc axpected to realize $12,490 in cash. Cuilumber Company has a line of credit at a local bank that enables it to borrow up to s25,000. The company wants to maintain a minimum montnly cash balancc of $35,650 Prepere a cash budget for Januery and Februery Cash Budget Click if you would like to Sow Work for this question: Open Show Work