Problem 14-20 Rreparing a cash budget LO 14-5 Baird Medical Clinic has budgeted the following cash flows: January $ 102,000 Cash receipts Cash payments For inventory purchases For SA openses For Interest expense 91,000 32,000 1,200 Baird Medical had a cash balance of 59.000 on January 1. The company desires to maintain a cash cushion of $7,000. Funds are assumed to be borrowed and repaid on the lasa day of each month