Newman Medical Clinic has budgeted the following cash flows. January February March $116,000 $122,000 $142,000 Cash receipts Cash payments For inventory purchases For S&A expenses 98,000 80,000 93,000 39,000 40,000 35,000 Newman Medical had a cash balance of $16,000 on January 1. The company desires to maintain a cash cushion of $9,000. 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 whole dollar amount.) January Cash Budget March February $ 0 $ 0 0 0 0 Cash available Less: Cash payments 0 0 Total budgeted payments Payments minus receipts 0 0 0 Financing Activity $ $ 0 $ 0 $ 0