Problem 14-20A (Algo) Preparing a cash budget LO 14-5 Munoz Medical Clinic has budgeted the following cash flows. January $110,000 February March $116,000 $136,000 ook Cash receipts Cash payments For inventory purchases For S&A expenses int 95,000 36,000 77,000 37, eee 90,000 32,000 rences Munoz Medical had a cash balance of $13,000 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. Munoz 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.) Cash Budget Section 1 Cash Receipts January February March Total cash available Section 2 Cash Payments 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.) Cash Budget Section 1 Cash Receipts January February March Total cash available Section 2 Cash Payments Total budgeted disbursements Section 3 Financing Activities