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 S6 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.) Cash Budget Section 1: Cash Receipts January February March $ 0 $ 0 Total cash available Section 2: Cash Payments 0 0 0 0 Total budgeted disbursements Section 3: Financing Activities 0 0 0 0 0 $ 0 $ 0 $ 0