4 Fayette Medical Clinic has budgeted the following cash flows. February $232,880 March $272,00 20 points Cash receipts Cash payments For inventory purchases For S&A expenses January $240,880 220,880 62,880 164,000 64,880 190,689 54,000 eBook Print Fayette Medical had a cash balance of $16.000 on January 1. The company desires to maintain a cash cushion of $10.000. Funds are assumed to be borrowed, In Increments of $2,000, and repald on the last day of each month: the interest rate is 1 percent per month. Repayments may be made in any amount available. Fayette pays its vendors on the last day of the month also. The company had a monthly $80,000 beginning balance in Its line of credit liability account from last year's quarterly results. Required Prepare a cash budget. (Any repayments should be indicated with a minus sign. Round intermediate and final answers to the nearest whole dollar amounts.) References January February March Cash Budget Section 1: Cash receipts Total cash available Section 2: Cash payments Total budgeted disbursements Section 3: Financing activities