Lim Auto Parts, a family-owned auto parts store, began January with $10,800 cash. Management forecasts that collections from credit customers will be $11,900 in January and $14,600 in February. The store is scheduled to receive $6,000 cash on a business note receivable in January. Projected cash payments include inventory purchases ($14,200 in January and $14,100 in February) and selling and administrative expenses ($3,000 each month). (Click the icon to view additional information about Lim Auto Parts.) Read the requirements. Requirement 1. Prepare Lim Auto Parts's 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 answer boxes. 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.) Lim Auto Parts Cash Budget January and February January February i More Info Cash available Cash payments: Lim Auto Parts's 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. Lim Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,500, plus 3% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Total cash payments Less: Print Done Ending cash balance