Perez Medical Clinic has budgeted the following cash flows. January February March $111,000 $117,000 $137,000 Cash receipts Cash payments For inventory purchases For S&A expenses 95,500 36,500 77,500 37,500 90,500 32,500 Perez Medical had a cash balance of $13,500 on January 1. The company desires to maintain a cash cushion of $10,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 3 percent per month. Repayments may be made in any amount available. Perez 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. (Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign. ) January February March Cash Budget Section 1: Cash Receipts Total cash available Section 2: Cash Payments -S Total budgeted disbursements Section 3: Financing Activities