Kinnion Medical Clinic has budgeted the following cash flows:

January February March

Cash Receipts Rs. 100,000 Rs. 106,000 Rs. 126,000

Cash Payments:

For Inventory purchases 90,000 72,000 85,000

For S&A expenses 31,000 32,000 27,000

Kinnion medical had a cash balance of Rs. 8,000 on January 1. The company desires to maintain a cash cushion of Rs. 5,000. Funds are assumed to be borrowed, in increments of Rs. 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. Kinnion pays its vendors on the last day of the month also. The company had a monthly Rs. 40,000 beginning balance in its line of credit liability account from this year's quarterly results. Cash Budget is required