Munoz Medical Clinic has budgeted the following cash flows. January February $110,000 $116,000 March $ 136,000 Cash receipts Cash payments For inventory purchases Tor SA expenses 95,000 36,000 77,000 37,000 90,000 32,000 Munoz Medical had a cash balance of $13,000 on January 1. The company desires to maintain a cash cushion of $9,000. Funds are assumed to be borrowed, in increments of $1000, and repold on the last day of each month; the interest rate is 2 percent per month Repayments may be made in any amount available. Munoz pays its vendors on the last day of the month also. The company had a monthly $40,000 beginning balance in its line of credit nobility account from last year's quarterly results, Required Prepare a cash budget. (Round intermediate and final answers to the nearest whole dollar amounts. Any repayments should be indicated with a minus sign.) Cash Budget Section 1 Cash Receipts January February March $ o$ 0 0 0 O Total cash available Section 2: Cash Payments 0 0 Total budgeted disbursements Section 3: Financing Activities January Cash Budget Section 1: Cash Receipts February March $ 0 $ 0 Total cash available 0 0 0 Section 2: Cash Payments 0 0 Total budgeted disbursements Section 3: Financing Activities 0 0 0 $ $ 0 $ 0 $ 0