Current Attempt in Progress Ivanhoe Company expects to have a cash balance of $49,400 on January 1,2022 . These are the relevant monthly budget data for the first two months of 2017 . 1. Collections from customers: January $86,000, February $131,700 2. Payments to suppliers: January $45,600, February $50,300 3. Wages: January $34,300, February $40,300. Wages are paid in the month they are incurred. 4. Administrative expenses: January $24,300, February $33,000. These costs include depreciation of $1,300 per month. All other costs are paid as incurred. 5. Selling expenses: January $18.300, February $21,200. These costs are exclusive of depreciation. They are paid as incurred. 6. Sales of short-term investments in January are expected to realize $13,400 in cash. Ivanhoe has a line of credit at a local bank that enables it to borrow up to $40,300. The company wants to maintain a minimum monthly cash balance of $25,500. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter O for amounts.)