Lipman Auto Parts, a family-owned auto parts store, began January with $10,300 cash. Management forecasts that collections from credit customers be $11,700 in January and $15,300 in February. The store is scheduled to receive $6,000 cash on a business note receivable in January. Projected cash payments include inventory purchases ($13,300 in January and $14, 100 in February) and selling and administrative expenses ($3,200 each month). (Click the icon to view additional information about Lipman Auto Parts.) Read the requirements. Requirement 1. Prepare Lipman 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 "O" in the appropriate cell. Use parentheses or a minus sign when entering a deficiency.) Lipman Auto Parts More Info Cash Budget January and February Lipman Auto Parts' bank requires a $10,000 minimum balance in the store's January February 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. Lipman Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,000, plus 3% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Cash available Print Done Cash payments: 1. Prepare Lipman Auto Parts' cash budget for January and February. 2. How much cash will Lipman Auto Parts borrow in February if collections from customers that month total $14,300 instead of $15,300? Total cash payments Less: Print Done Ending cash balance Requirement 2. How much cash will Lipman Auto Parts borrow in February if collections from customers that month total $14,300 instead of $15,300? If cash collections in February are $14,300 instead of $15,300, the company will borrow