Please see the attached.

Kinnion medical clinic has budgeted the following cash flows January Cash receipts $100,000 Cash payments For inventory $90,000 For S&A expenses $31,000 February march $106,000 $126,000 $72,000 $32,000 $85,000 $27,000 Kinnion Medical had a cash balance of $8,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 1 percent per month. Kinnion pays its vendor on last day of the month also. The company had a monthly $40,000 beginning balance in its line of credit liability account from this years quarterly results. Required Prepare a cash budget. (round all computations to the nearest whole dollar.)