PLEASE HELP

Lipman Auto Parts, a family-owned auto parts stara, hegan January with $10.900 cash. Management forecasts that collections from credit customers will be $11.200 in January and $18,300 in February. The store is scheduled to receive $5,500 cash on a business not morivable in January. Prajected cash payments indude inventory purchases ($13,300 in January and $13,100 in February) and selling and administrative expenses (83.300 each month). A (Click the icon to view additional information about Lipman Auto Parts Read the requirements. Requirement 1. Prepare Liqman Auto Parts's cash budget for January and February Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete all answer boxes. For entries with a so balance, make sure to enter "r" in the appropriate cell. Use parentheses or a minus sign when entering a deficiency.) Lipman Auto Parts Cash Budget January and February January February Beginning cash balance More Info Cash receipts from customers Cash receipt on not receivable Lipriari Auto Partz's bank requires a $10,000 minimum balance in the store's Cash available checking account. At the end of any month when the account balance falls below $10,000, the bank automaticaly extends credit to the store in multiples of $1.000. Cash payments Lipmen Auto Parts borows esitle as posable and pays back loans in quarterty Purchases Purchases of inventory installments of $2,50 plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Seling and administrative experises 0 Requirements Total cash payments Ending cash balance before financing Less: Minimum cash balance desired Projected cash excess (deficiency) Total effects of financing 1. Prepare Lipari Aulo Parts's cash burget for January and February 2. How much cash wil Linman Auto Parts borrow in February if collections from customers that month tolal $14,300 instead of S15,300? Endirg cash balance Print Done