Lindor Enterprises projects sales for the first three months of the year to be: $$10,200$ in January, $$12,200$ in February, and $$13,000$ in March. Cash receipts are expected to be: $$8,460$ in January, $$11,450$ in February, and $$12,500$ in March.

They anticipate the following cash payments:

Lindor Enterprises January February March

Direct materials purchased $$3,700$ $$4,200$ $$4,700$

Direct labor costs $$3,100$ $$4,000$ $$3,600$

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

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

Property taxes on plant $$120$ $$120$ $$120$

Depreciation on office $$560$ $$560$ $$560$

Utilities for office $$360$ $$360$ $$360$

Property taxes on office $$170$ $$170$ $$170$

Office salaries $$2,800$ $$2,800$ $$2,800$

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 $$3,000$ and they desire to maintain a minimum ending cash balance of $$3,000.$ Lindor Enterprises borrows cash as needed at the beginning of each month in increments of $$1,000$ and repays the amounts borrowed in increments of $$1,000$ at the beginning of months when excess cash is available. The interest rate on borrowed amounts is $5\%$ 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.