Requirements 1. Prepare Laughton Auto Parts' cash budget for January and February. 2. How much cash will Laughton Auto Parts borrow in February if collections from customers that month total $14,400 instead of $15,400 ? Laughton Auto Parts, a family-owned auto parts store, began January with $10,700 cash. Management forecasts that collections from credit customers will be $11,000 in January and $15,400 in February. The store is scheduled to receive $5,000 cash on a business note receivable in January. Projected cash payments include inventory purchases ( $13,000 in January and $13,800 in February) and selling and administrative expenses ($2,700 each month). (Click the icon to view additional information about Laughton Auto Parts.) Read the requirements. Requirement 1. Prepare Laughton Auto Parts' 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 input fields. For entries with a $0 balance, make sure to enter "0" in the appropriate cell. Use parentheses or a minus sign when entering a deficiency.) More info Laughton 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. Laughton Auto Parts borrows as little as possible and pays back loans in quarterly installments of $3,000, plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan