Current Attempt in Progress Nadia Company expects to have a cash balance of $45,400 on January 1, 2020. Nadia has budgeted the following for the first two months of the year 2020: 1 2. 3 4 5. Collections from customers: January $89,800: February $109.400, Payments to suppliers: January $39700: February $49.900 Direct labour: January $30,000: February $35,200 Wages are paid in the month they are incurred, Manufacturing overhead: January 524,800 February 530,300 Overhead costs are paid as incurred. Seling and administrative expenses: January $15.800: February $22,000. These costs do not include depreciation and they are paid as incurred. Sales of investments in January are expected to realize $10,000 in cash. Nadia Company wants to keep a minimum monthly cash balance of $20,000. 6. Prepare a cash budget for January and February NADIA COMPANY Cash Budget For 2020 January February NADIA COMPANY Cash Budget For 2020 January February