Fayette Medical Clinic has budgeted the following cash flows.

	January	February	March
Cash receipts	$ 240,000	$ 232,000	$ 272,000
Cash payments
For inventory purchases	220,000	164,000	190,000
For S&A expenses	62,000	64,000	54,000

Fayette Medical had a cash balance of $16,000 on January 1. The company desires to maintain a cash balance of $10,000. Funds are assumed to be borrowed, in increments of $2,000, 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. Fayette pays its vendors on the last day of the month also. The company had a monthly $80,000 beginning balance in its line of credit liability account from this years quarterly results.

Required

Prepare a cash budget.

Note: Any repayments/shortage should be indicated with a minus sign. Round intermediate and final answers to the nearest whole dollar amounts.