Current Attempt in Progress Nadia Company expects to have a cash balance of $44,900 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1. Collections from customers: January $90,800; February $110,200. 2. Payments to suppliers: January $40,400; February $50,200. 3. Direct labour: January $30,200; February $34,900. Wages are paid in the month they are incurred. 4. Manufacturing overhead: January $25,200; February $29,700. Overhead costs are paid as incurred. 5. Selling and administrative expenses: January $15,800; February $21,900. These costs do not include depreciation and they are paid as incurred. 6. Sales of investments in January are expected to realize $9,900 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000. Prepare a budget NADIA COMPANY Cash Budget For 2020 Beginning cash balance $ January February