Rooney Medical Clinic has budgeted the following cash flows. Cash receipts January $ 113,000 February $ 119,000 March $ 139,000 Cash payments For inventory purchases For S&A expenses 96,500 37,500 78,500 38,500 91,500 33,500 Rooney Medical had a cash balance of $14,500 on January 1. The company desires to maintain a cash balance of $6,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 2 percent per month. Repayments may be made in any amount available. Rooney 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 this year's quarterly results. Required Prepare a cash budget. Note: Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign. Cash Budget Section 1: Cash Receipts Total cash available Section 2: Cash Payments Total budgeted disbursements Section 3: Financing Activities January February March