Adams Medical Clinic has budgeted the following cash flows: Cash receipts Cash payments For inventory purchases For S&A expenses January February March $101,000 $107,000 $127,000 90,500 72,500 85,500 31,500 32,500 27,500 Adams Medical had a cash balance of $8,500 on January 1. The company desires to maintain a cash cushion of $6,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 2 percent per month Repayments may be made in any amount available. Adams pays its vendors on the last day of the month also. The company had a monthly $40,000 beginning balance in its line of credit liability account from this year's quarterly results. Required Prepare a cash budget. (Round Intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign.) Cash Budget Section 1: Cash Receipts January February March Total cash available Section 2: Cash Payments Then assumed to be borrowea, in increments or $1,000, and repaia on the last day of each mont; the interest rate is 2 pe Repayments may be made in any amount available. Adams pays its vendors on the last day of the month also. The monthly $40,000 beginning balance in its line of credit liability account from this year's quarterly results. Required Prepare a cash budget. (Round intermediate and final answers to the nearest whole dollar amounts. Any repayme should be indicated with a minus sign.) 01 Cash Budget Section 1: Cash Receipts January February March Total cash available Section 2: Cash Payments Total budgeted disbursements Section 3: Financing Activities