Wildhorse Company expects to have a cash balance of $$45,300$ on January $1,2022.$ Wildhorse has budgeted the following for the first

two months of the year $2022$:

Collections from customers: January $$89,300$; February $$110,500.$

Payments to suppliers: January $$39,700$; February $$50,000.$

Direct labour: January $$29,700$; February $$35,000.$ Wages are paid in the month they are incurred.

Manufacturing overhead: January $$25,200$; February $$30,100.$ Overhead costs are paid as incurred.

Selling and administrative expenses: January $$16,100$; February $$21,900.$ These costs do not include depreciation and they

are paid as incurred.

Sales of investments in January are expected to realize $$10,100$ in cash. Wildhorse Company wants to keep a minimum

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

$1.$

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$6.$

Prepare a cash budget for January and February.M