ent Attempt in Progress Your answer is partially correct. Sheffield Company expects to have a cash balance of $45,000 on January 1, 2022. Relevant monthly budget data for the first two months of 2022 are as follows: 1. Collections from customers: January $99,000; February $160,000 2. Payments to suppliers: January $59.000: February $82,000 3. Direct labour: January $31,000: February $46,000. Wages are paid in the month they are incurred 4. 5. Manufacturing overhead: January $27,000: February $30,000. These costs include depreciation of $1,000 per month, All other overhead costs are paid as incurred. Selling and administrative expenses: January $13.000: February $19.000. These costs are exclusive of depreciation They are paid as incurred. 6. Sales of marketable securities in January are expected to realize $10,000 in cash INE TEPA Total receipts Total available cash Less : Beginning cash balance. Borrowing Direct labour 109000 160000 154000 185000 59000 2000 31000 46000 Manufacturing overhead Selling and administrative expenses 10000 26000 290004 190004 Total available cash 129000 A 176000 25000 7000 Total avaliable cash Financing ENG Total available cash Financing Borrowing Repayment Ending cash balance Total available cash 25000 9000 0 16000 B 25000 25000 25000 eTextbook and Media Save for Lat Using multiple attempts will impact your score 10% score reduction after attempt 3 Attempts: 2 of 4 used Submit Answer Share af 331PM