Finch Medical Clinic has budgeted the following cash flows. January $106,000 February $112,000 March $132,000 Cash receipts Cash payments For inventory purchases For S&A expenses 93,000 34,000 75,000 35,000 88,000 30,000 Finch Medical had a cash balance of $11,000 on January 1. The company desires to maintain a cash cushion of $5,000. 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. Finch 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. 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.) Answer is not complete. January February March $ Cash Budget Section 1 Cash Receipts Beginning cash balance Add: Cash receipts Total cash available Section 2: Cash Payments For inventory purchases For S&A expenses $ 40,000 $ 19,000 106,000 112,000 146,000 131,000 21,000 132,000 153,000 93,000 34,000 75,000 35,000 88,000 30,000 127,000 110,000 118,000 Total budgeted disbursements Section 3. Financing Activities 19,000 21,000 35,000 $ 19,000 $ 21,000 35,000