gomez company collected 24,000 on sept

work Gibson Medical Clinic has budgeted the following cash flows Cash recespta 108,000 $114,000 $134,000 Tor inventory parchases 94,000 76,000 89,000 31,000 Tor S&A expensers 5,000 36,000 Gibson Medical had a cash balance of $12,000 on January 1. The company desires to maintain a cpsh cushion of $7,000. Funds are essumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 3 percent per month Repayments may be made in any amount available. Gibson pays its vendors on the last day of the month also. The company hada monthly $40,000 beginning balance in its line of credit liability account from this year's quarterly results. 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.) (10,200)(B.200) 34,000 125,800 103,800 Fnanding Adtivity 3 5 6 9