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Blue Spruce Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for...

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Accounting

Blue Spruce Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2022.

January

February

Sales

 $361,000 $400,800

Purchases

 121,100 131,300

Salaries

 83,500 82,000

Administrative expenses

 71,200 74,300

Selling expenses

 79,800 86,300

All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred. Administrative expenses include $1,300 of depreciation per month. Other data.

1. Collections from customers: January $333,100; February $378,200.
2. Payments for purchases: January $101,800; February $141,900.
3. Other receipts: January: collection of December 31, 2021, notes receivable $18,300; February: proceeds from sale of securities $5,700.
4. Other disbursements: February $12,300 cash dividend.

The companys cash balance on January 1, 2022, is expected to be $48,400. The company wants to maintain a minimum cash balance of $61,650. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter 0 for amounts.)

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