Adams Medical Clinic has budgeted the following cash flows. January February $101,000 $107,000 March $127,000 Cash receipts Cash payments For inventory purchases For SA expenses 98,500 31,500 72,500 32,500 85,500 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 last year's quarterly results Required Prepare a cash budget. (Round intermediate and final answers to the nearest whole dollar omounts. Any repayments should be indicated with a minus sign.) January February March Cash Budget Section 1: Cash Receipts Total cash available Section 2. Cash Payments Total budgeted disbursements Section 3: Financing Activities