Lindor Enterprises projects sales for the first three months of the year to be: $$11,200$ in January, $$12,400$ in February, and $$12,900$ in March. Cash receipts are expected to be: $$8,410$ in January, $$11,850$ in February, and $$12,710$ in March.

They anticipate the following cash payments:

Lindor Enterprises January February March

Direct materials purchased $$3,600$ $$4,000$ $$4,700$

Direct labor costs $$3,300$ $$3,800$ $$3,600$

Depreciation on plant $$600$ $$600$ $$600$

Utilities for plant $$650$ $$650$ $$650$

Property taxes on plant $$170$ $$170$ $$170$

Depreciation on office $$520$ $$520$ $$520$

Utilities for office $$370$ $$370$ $$370$

Property taxes on office $$180$ $$180$ $$180$

Office salaries $$2,900$ $$2,900$ $$2,900$

All costs are paid in the month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January $2.$ The Accounts Payable and Utilities Payable accounts have a zero balance on January $1.$

Also, Lindor Enterprises beginning cash balance is $$3,100$ and they desire to maintain a minimum ending cash balance of $$3,100.$ Lindor Enterprises borrows cash as needed at the beginning of each month in increments of $$1,100$ and repays the amounts borrowed in increments of $$1,100$ at the beginning of months when excess cash is available. The interest rate on borrowed amounts is $7\%$ per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month.

Complete a Cash Budget for Lindor Enterprises.