Problem 14-20A (Algo) Preparing a cash budget LO 14-5 Fanning Medical Clinic has budgeted the following cash flows. Fanning Medical had a cash balance of $10,500 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 fate is 3 percent per month. Repayments may be made in any amount avallable. Fanning 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.) Fanning Medical had a cash balance of $10,500 on January 1. The company desires to maintain a cash cushion of $10,0 assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 3 perce Repayments may be made in any amount available. Fanning pays its vendors on the last day of the month also. The com 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 indicated with a minus sign.)