Requirement 1. Prepare Southwest Auto Parts's cash budget for January and February Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete all answer boxes. For entries with a $0 balance, make sure to enter "O" in the appropriate cell. Use parentheses or a minus sign when entering a deficiency.) Southwest Auto Parts Cash Budget January and February JanuaryFebruary 1. Prepare Southwest Auto Parts's cash budget for January and February 2. How much cash will Southwest Auto Parts borrow in February if collections Beginning cash balance Cash recelpts from customers Cash receipt on note receivable Cash available Cash payments: 10500 from customers that month total $14,200 instead of $15,200? 11400 152 Print Done More Info Selling and administrative expenses Total cash payments Ending cash balance before fina Less Southwest Auto Parts's 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 $3,000, plus 3% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Minimum cash balance desired cash excess (deficiency) Total effects of financing Ending cash balance PrintDone Requirement 1. Prepare Southwest Auto Parts's cash budget for January and February Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete all answer boxes. For entries with a $0 balance, make sure to enter "O" in the appropriate cell. Use parentheses or a minus sign when entering a deficiency.) Southwest Auto Parts Cash Budget January and February JanuaryFebruary 1. Prepare Southwest Auto Parts's cash budget for January and February 2. How much cash will Southwest Auto Parts borrow in February if collections Beginning cash balance Cash recelpts from customers Cash receipt on note receivable Cash available Cash payments: 10500 from customers that month total $14,200 instead of $15,200? 11400 152 Print Done More Info Selling and administrative expenses Total cash payments Ending cash balance before fina Less Southwest Auto Parts's 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 $3,000, plus 3% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Minimum cash balance desired cash excess (deficiency) Total effects of financing Ending cash balance PrintDone