Wildhorse Company expects to have a cash balance of $124,200 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2022. 1. 2. 3. 4. Collections from customers: January $191,700, February $394,200. Payments to suppliers: January $108,000, February $202,500. Wages: January $81,000, February $108,000. Wages are paid in the month they are incurred. Administrative expenses: January $56,700, February $64,800. These costs include depreciation of $2,700 per month. All other costs are paid as incurred. Selling expenses: January $40,500, February $54,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $32,400 in cash. Wildhorse Company has a line of credit at a local bank that enables it to borrow up to $67,500. The company wants to maintain a minimum monthly cash balance of $54,000. 5. 6. Prepare a cash budget for January and February. (List items that increase cash balance first.) WILDHORSE COMPANY Cash Budget January Febru: $ $ >