Benson Medical Clinic has budgeted the following cash flows.

	January			February			March
Cash receipts	$	103,000		$	109,000		$	129,000
Cash payments
For inventory purchases		91,500			73,500			86,500
For S&A expenses		32,500			33,500			28,500

Benson Medical had a cash balance of $9,500 on January 1. The company desires to maintain a cash cushion 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 years 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. )

January February March Cash Budget Section 1: Cash Receipts D D Total cash available Section 2: Cash Payments 00 Total budgeted disbursements Section 3: Financing Activities $ 0 $ 0