U 01:55 Question 5 View Policies Current Attempt in Progress Sunland Company expects to have a cash balance of $50,600 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2017. 1. Collections from customers: January $88,000, February $135,800 2. Payments to suppliers: January $48,600, February $50,700 3. Wages: January $34,700, February $40,700. Wages are paid in the month they are incurred. 4. Administrative expenses: January $24,700, February $32,800. These costs include depreciation of $1,600 per month. All other costs are paid as incurred. 5. Selling expenses: January $19,900, February $22,200. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of short-term investments in January are expected to realize $13,100 in cash. Sunland has a line of credit at a local bank that enables it to borrow up to $41,400. The company wants to maintain a minimum monthly cash balance of $25,000. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter O for amounts.) Cash Budget For the Months Ending January 30 and February 28, 2022 January February $