Adams Medical Clinic has budgeted the following cash flows Cash receipts Fibrary $101,000 $10,000 Minds $127,000 For Sventory purchases For Sexpenses 50,300 72,500 31,500 Cash payments Adams Medical had a cash balance of $8.500 on January 1. The company desires to maintain a cash cushion of $6000 Funds are assumed to be bonowed, in increments of $1000, 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 hed a monthly $40,000 beginning balance in its line of credit lisbety account from last year's quarterly results Required Prepare a cash budget (Round intermediate and final answers to the nearest whole dollar amounts. Any repayments should be indicated with a minus sign) Cash Budget Section 1 Cash Rec Total cash available Secto 2 Cash Payments Total budgeted disbursements Sertion Financing Activit Jary February March Check my work