Vaughn Company expects to have a cash balance of $$44,800$ on January $1,2022.$ Vaughn has budgeted the following for the first two months of the year $2022$:

Collections from customers: January $$90,700$; February $$109,500.$

Payments to suppliers: January $$39,900$; February $$49,700.$

Direct labour: January $$30,300$; February $$35,100.$ Wages are paid in the month they are incurred.

Manufacturing overhead: January $$25,200$; February $$30,200.$ Overhead costs are paid as incurred.

Selling and administrative expenses: January $$16,100$; February $$22,200.$ These costs do not include depreciation and they are paid as incurred.

Sales of investments in January are expected to realize $$9,900$ in cash. Vaughn Company wants to keep a minimum monthly

cash balance of $$20,000.$ Ignore any interest on amounts borrowed.

Prepare a cash budget for January and February.