Whispering Winds expects to have a cash balance of $$44,600$ on January $12022.$ Whispering Winds has budgeted the following for the first two months of the year $2022$:

$1.$

Collections from customers: January $$90,800$; February $$110,100.$

$2.$ Payments to suppliers: January $$40,300,$ February $$50,300.$

$3.$ Direct labour: January $$29,700$; February $$34,700.$ Wages are paid in the month they are incurred.

$4.$ Manufacturing overhead: January $$24,800$; February $$29,700.$ Overhead costs are paid as incurred.

$5.$ Selling and expenses: January $$16\mathrm{.}000.$ February $$22,200.$ These costs do not include depreciation and they are paid as incurred.

Sales of in January are to realize $$10,100$ in cash. Whispering Winds Company wants to keep a monthly cash balance of $$20,000.$ Ignore any interest on amounts borrowed. $6.$

Prepare a cash budget for January and February.

WHISPERING WINDS COMPANY