Aguadilla Pet Shop, Inc. has budgeted the following cash flow.

	October	November	December
Cash Receipts	120,000	130,000	134,000
Cash Payments
Inventory Purchases	100,000	110,000	90,000
Sales and administrative expenses	30,000	35,000	28,000

On October 1, the cash balance is 10.000. The company wants to maintain a balance sheet of 7.000. To maintain funds, it borrows in amounts of 1,000,000 and makes payments on the last day of each month. The interest rate is 1% per month. The company pays the sellers on the last day of the month. The company has an initial balance on its outstanding line of credit of M45,000. Prepare a cash budget.