PLEASE HELP

Campbell Medical Clinic has budgeted the following cash flows.

	January			February			March
Cash receipts	$	104,000		$	110,000		$	130,000
Cash payments
For inventory purchases		92,000			74,000			87,000
For S&A expenses		33,000			34,000			29,000

Campbell Medical had a cash balance of $10,000 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. Campbell 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 last years quarterly results.

Required

Prepare a cash budget. (Round intermediate and final answers to the nearest whole dollar amounts. Any repayments should be indicated with a minus sign.)

Campbell Medical Clinic has budgeted the following cash flows. March $130,000 Cash receipts Cash payments For inventory purchases For S&A expenses January February $104,000 $110,000 92,000 74,000 33,000 34,000 87,000 29,000 Campbell Medical had a cash balance of $10,000 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. Campbell 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 last year's quarterly results. Required Prepare a cash budget. (Round intermediate and final answers to the nearest whole dollar amounts. Any repayments should be indicated with a minus sign.) January February March Cash Budget Section 1: Cash Receipts $ 0 $ 0 0 O 0 Total cash available Section 2: Cash Payments 0 0 0 Total budgeted disbursements Section 3: Financing Activities 0 0 0 $ 0 $ 0 $ 0