Check my work 9 Rooney Medical Clinic has budgeted the following cash flows: January February March 5113,608 $119,900 $139,000 2 points Cash receipts Cash payments For inventory purchases For S&A expenses Skloped 96,500 37,588 78,500 38,500 91,500 33,500 cBook Rooney Medical had a cash balance of $14,500 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. Rooney 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. Print 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. ) References Cash Budget January February March os $ 0 0 0 0 Cash available Less: Cash payments 0 0 0 Total budgeted payments Payments minus receipts 0 0 0 Financing Activity $ $ 0 S 0