Jordan Medical Clinic has budgeted the following cash flows:

	January			February			March
Cash receipts	$	109,000		$	115,000		$	135,000
Cash payments
For inventory purchases		94,500			76,500			89,500
For S&A expenses		35,500			36,500			31,500

Jordan Medical had a cash balance of $12,500 on January 1. The company desires to maintain a cash cushion of $8,000. 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. Jordan 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 years 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. )