Wildhorse Company expects to have a cash balance of $59,100 on January 1, 2022. These are the relevant monthly budget data for the first two months of 2017.

1.		Collections from customers: January $80,400, February $136,000
2.		Payments to suppliers: January $46,400, February $52,100
3.		Wages: January $36,100, February $42,100. Wages are paid in the month they are incurred.
4.		Administrative expenses: January $26,100, February $31,600. These costs include depreciation of $3,000 per month. All other costs are paid as incurred.
5.		Selling expenses: January $17,600, February $20,800. These costs are exclusive of depreciation. They are paid as incurred.
6.		Sales of short-term investments in January are expected to realize $12,100 in cash. Wildhorse has a line of credit at a local bank that enables it to borrow up to $44,900. The company wants to maintain a minimum monthly cash balance of $26,500.