Problem 14-20A (Algo) Preparing a cash budget LO 14-5 Munoz Medical Clinic has budgeted the following cash flows. Cash receipta Cash payments Por inventory purchasen For 56A expenses January February March $110,000 $116,000 $136,000 95,000 77,000 90,000 36,000 37,000 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 $1,000, and repald 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.) January February March Cash Budget Section 1: Cash Receipts $ 0 $ 0 0 0 0 Total cash available Section 2: Cash Payments Total budgeted disbursements 0 January Cash Budget Section 1: Cash Receipts February March $ 0 $ 0 0 0 Total cash available Section 2: Cash Payments 0 Total budgeted disbursements Section 3: Financing Activities 0 0 0 $