View Policies Current Attemptin Progress Nadia Company expects to have a cash balance of $44,700 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. Collections from customers: January $90,800; February $109,400. 2. Payments to suppliers: January $39,800; February $49,800. 3. Direct labour: January $30,100; February $34,700. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $25,100; February $29,800. Overhead costs are paid as incurred. 5. Selling and administrative expenses: January $16,200; February $22,200. These costs do not include depreciation and they are paid as incurred. 6. Sales of investments in January are expected to realize $10,000 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000. Prepare a cash budget for January and February. NADIA COMPANY Cash Budget For 2020 Januar