Mason Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule.) (Click the icon to view the additional information.) Complete a cash budget for Mason Company for January, February and March. (Complete all input fields. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) Reference Mason's beginning cash balance is $9,000 and Mason desires to maintain a minimum ending cash balance of $9,000. Mason 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 amounts borrowed is 14% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. \begin{tabular}{|c|c|c|c|c|} \hline & January & Fobruary & March & Total \\ \hline \multicolumn{5}{|l|}{ Cash Payments } \\ \hline \multicolumn{5}{|l|}{ Direct Materials: } \\ \hline Accounts Payable balance, January 1 & 0 & & & \\ \hline January - Direct material purchases paid in February & & 4,000 & & \\ \hline Fobruary - Direct material purchases paid in March & & & 4,000 & \\ \hline Total payments for direct materials & 0 & 4,000 & 4,000 & 8,000 \\ \hline Direct Labor: & 4 & & & \\ \hline Total payments for direct labor & 3,000 & 3,500 & 4,000 & 10,500 \\ \hline \multicolumn{5}{|l|}{ Manufacturing Overhead: } \\ \hline Utilities for plant & & 550 & 550 & 1,100 \\ \hline Property taxes on plant & 3,720 & & WI & 3.720 \\ \hline Total payments for manufacturing overhead & 3,720 & 550 & 550 & 4,820 \\ \hline \end{tabular} Mason Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule.) (Click the icon to view the additional information.) Complete a cash budget for Mason Company for January, February and March. (Complete all input fields. Enter a "0" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) Reference Mason's beginning cash balance is $9,000 and Mason desires to maintain a minimum ending cash balance of $9,000. Mason 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 amounts borrowed is 14% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. \begin{tabular}{|c|c|c|c|c|} \hline & January & Fobruary & March & Total \\ \hline \multicolumn{5}{|l|}{ Cash Payments } \\ \hline \multicolumn{5}{|l|}{ Direct Materials: } \\ \hline Accounts Payable balance, January 1 & 0 & & & \\ \hline January - Direct material purchases paid in February & & 4,000 & & \\ \hline Fobruary - Direct material purchases paid in March & & & 4,000 & \\ \hline Total payments for direct materials & 0 & 4,000 & 4,000 & 8,000 \\ \hline Direct Labor: & 4 & & & \\ \hline Total payments for direct labor & 3,000 & 3,500 & 4,000 & 10,500 \\ \hline \multicolumn{5}{|l|}{ Manufacturing Overhead: } \\ \hline Utilities for plant & & 550 & 550 & 1,100 \\ \hline Property taxes on plant & 3,720 & & WI & 3.720 \\ \hline Total payments for manufacturing overhead & 3,720 & 550 & 550 & 4,820 \\ \hline \end{tabular}