Lellh Auto Parts, a family-owned auto parts store, began January with $10,800 cash, Management forecasts that collecticns from credit customers will be $11,900 in January and $15,000 in February. The store is scheduled to receive $6,500 cash co a business note receivable in danuary. Projected cash payments include inventary purchases (\$15,800 in January and $13,200 in February) and seling and administrative expenses (\$2,900 each manth). Part 1 Requirement 1.Prepare bellh. Auto Parts' cash budget for danuary and February, Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. $14,000 instead of $15,000 ? If cash collections in February are $14,000 instead of $15,000, the company will borrow 1: More Inf Lellk. Aulo Parts' bank requires a $10,000 minimum balance in the stare's checking account, At the end of any month when the account balance falls below $10,000, IJ he bank automatically extends crecit to the store in multiples of $1,000. Lellh . Auto Parts borrows as little as possible and pays back loans in quarlerly instalments of $2,000, plus 4% APR interest on the entire unpaid principal_The first payment oocurs three months after the loan. 2. Requirements