Benson Medical Clinic has budgeted the following cash flows: Benson Medical had a cash balance of $9,500 on January 1 . The company desires to mointain a cash balance of $8,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month, the interest rate is 1 percent per month Repayments may be made in any amount available. Benson 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