Problem 14-20A (Algo) Preparing a cash budget LO 14-5 Munoz Medical Clinic has budgeted the following cash flows January February March $110,000 $116,000 $136,000 Cash receipts Cash payments For Inventory purchases For 58A expenses 95,000 36.000 77,000 37,000 90,000 32,000 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 $1000, 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 repoyments should be indicated with a minus sign.) January February March Cash Budget Section 1 Cash Receipts Total cash available Section 2 Cash Payments Total budgeted disbursements Section 3. Financing Activities