receivable in January. Projected cash payments include inventory purchases (\$13,000 in January and $12,400 in February) and selling and administrative expenses (\$3,400 each month). (Click the icon to view additional information about Southwest Auto Parts.) Read the requirements. Requirement 1. Prepare Southwest Auto Parts' cash budget for January and February. More info Southwest Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Southwest Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,500, plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Requirements 1. Prepare Southwest Auto Parts' cash budget for January and February. 2. How much cash will Southwest Auto Parts borrow in February if collections from customers that month total $14,200 instead of $15,200 ? receivable in January. Projected cash payments include inventory purchases (\$13,000 in January and $12,400 in February) and selling and administrative expenses (\$3,400 each month). (Click the icon to view additional information about Southwest Auto Parts.) Read the requirements. Requirement 1. Prepare Southwest Auto Parts' cash budget for January and February. More info Southwest Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Southwest Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,500, plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Requirements 1. Prepare Southwest Auto Parts' cash budget for January and February. 2. How much cash will Southwest Auto Parts borrow in February if collections from customers that month total $14,200 instead of $15,200