?Need help finding the interest expense per month and Borrowing (repayment).

Newman Medical Clinic has budgeted the following cash flows. Newman Medical had a cash balance of S8.500 on January 1. The company desires to maintain a cash cushion of $6.000. Funds are assumed to be borrowed, in increments of $ 1.000. and repaid on the last day of each month: the interest rate is 2 percent per month. Repayments may be made in any amount available. Newman 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 liability account from this year's quarterly results. Required: Prepare a cash budget. (Any repayments/shortage should be indicated with a minus sign. Round your answers to the nearest dollar amount.)