Problem 14-20A (Static) Preparing a cash budget LO 14-5 Fayette Medical Clinic has budgeted the following cash flows. Fayette Medical had a cash balance of $16,000 on January 1 . The company desires to maintain a cash cushion of $10,000. Funds are assumed to be borrowed, in increments of $2,000, and repald on the last day of each month, the interest rate is 1 percent per month Repayments may be made in any amount avallable. Fayette pays its vendors on the last day of the month also. The company had a monthly $80,000 beginning balance in its line of credit liablity account from last year's quarterly results. Required Prepare a cash budget (Any repayments should be indicated with a minus sign. Round intermediate and final answers to the nearest whole dollar amounts.) \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Cash Budget } & January & February & March \\ \hline Section 1: Cash receipts & & & \\ \hline & & & \\ \hline & & & \\ \hline Total cash available & & & \\ \hline Section 2: Cash payments & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Total budgeted disbursements & & & \\ \hline Section 3: Financing activities & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular}