I need Interest expense per month for February and March, need Borrowing(repayment) for January, February, and March.

Solomon Medical Clinic has budgeted the following cash flows. Solomon Medical had a cash balance of $15,000 on January 1 . The company desires to maintain a cash balance of $7,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 3 percent per month. Repayments may be made in any amount available. Solomon 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. Note: Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should with a minus sign