Rooney Medical Clinic has budgeted the following cash flows: February $119,000 March $139,000 January Cash receipts $113,000 Cash payments For Inventory 96,500 purchases For SG expenses 37,500 78,500 91,500 38,500 33,500 Rooney Medical had a cash balance of $14,500 on January 1. The company desires to maintain a cash cushion o $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. (Round Intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign.) January February March Cash Budget Section 1: Cash Receipts Total cash available Section 2: Cash Payments Total budgeted disbursements Section 3: Financing Activities