Lally Auto Parts, a family-owned auto parts store, begain January with $10,900cash. Management forecasts that collections from credit customers will be $11,700 in January and $15,100 in February. The store is scheduled to receive $8,500 cash on a business note receivable an January. Projected cash payments include inventory purchases ( $16,900 in January and $13,300 in February) and selling andi administrative expenses (\$3,200 each mon'ti). (1) (Click the icon to view additional information about Lally Auto Paris.) Read the requirements. Requirement 1. Prepare Lally Auto Parts' cash budget for January and February. Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete all input fields. For entries with a $0 balance, make sure to enter " 0 " in the appropriate cell. Use parentheses or a minus sign when entering a deficiency.) sto Parts, a lamily owned auto parts store, began January with $10,900 cash Management forecista that collectic in February. The store Es scheduled to receive $8,500 cath of a business note receivatle hh Jarnuary. Projected and 513,300 in Februaty) and selling and adminiatrative expenses (\$3,200 each month) ok the icon to view additional information abouf Lally Auto Parts.) More info tally Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000 Lally Auto Parts borrows as little as possible and pays back loans in quarterly installments of 51,500, plus. 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. V. Auto Parto, a funnily - owned auto parts store, bogan January with 510,900 cash. Managoment forecaste that colloctio 100 in February. The store is scheduled to receive $8,500 cash on a business note roceivable in January. Projected uery and $13,300 in February) and selling and administrative expenses (\$3,200 each month). (Cick the icon to view additional information about Laly Auto Parts.) Requirements 1. Prepare Lally Auto Parts cash budget for Janasy and February 2. How much cash wiil Lally Auto Parts bortow in February if collections from customers that month total $14,100 instead of $15,100 ? Lally Auto Parts, a family-owned auto parts store, began Januare with san an