Lally Auto Parts, a family-owned auto parts store, began January with $10,000 cash. Management forecasts that collections from credit customers will be $11,100 in January and $15,100 in February. The store is scheduled to receive $7,000 cash on a business note receivable in January. Projected cash payments include inventory purchases (\$14,300 in January and $12,400 in February) and selling and administrative expenses ( $3,300 each month). (Click the icon to view additional information about Lally Auto Parts.) Read the requirements. More info Lally 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 $1,500, plus 3% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Requirements 1. Prepare Lally Auto Parts' cash budget for January and February. 2. How much cash will Lally Auto Parts borrow in February if collections from customers that month total $14,100 instead of $15,100 ? 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.) Cash payments: Total cash payments Less: Ending cash balance