Newman Medical Clinic has budgeted the following cash flows. Cash receipts January February March $106,000 $112,000 $132,000 Cash payments For inventory purchases For S&A expenses 93,000 75,000 88,000 34,000 35,000 30,000 Newman Medical had a cash balance of $11,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 1 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 whole dollar amount.) Cash available Cash Budget January February March Less: Cash payments Total budgeted payments Payments minus receipts Financing Activity