More info Lipman Auto Parts' 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. Lipman Auto Parts borrows as little as possible and pays back loans in quarterly installments of $3,000, plus 6% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. 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 $13,600 instead of $14,600