Newman Medical Clinic has budgeted the following cash flows. January February March $113,000 $119,000 $139,000 Cash payments For inventory 96,500 78,500 91,500 purchases For S&A expenses 37,500 38,500 33,500 ces Newman Medical had a cash balance of $14,500 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 whole dollar amount.) Cash Budget Beginning cash balance January February March ISOS O 0 0 0 Cash available Less: Cash payments Total budgeted payments Payments minus receipts Financing Activity 0 $ 0 $ 0