Rundle Medical Clinic has budgeted the following cash flows, January February $112,000 $118,000 March 5138.000 Cash receipts Cash payments For Inventory purchases For S&A expenses 96,000 37.000 78,000 38,000 91,000 33,000 Rundle Medical had a cash balance of $14,000 on January 1. The company desires to maintain a cash cushion of $5,000. Funds are assumed to be borrowed in increments of $1.000, and repaid on the last day of each month, the interest rate is 1 percent per month Repayments may be made in any amount available. Rundle 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 last year's quarterly results Required Prepare a cash budget (Round Intermediate and final answers to the nearest whole dollar amounts. Any repayments should be indicated with a minus sign.) January February March Cash Budget Section 1. Cash Receipts $ 05 0 0 0 0 Total cash available Section 2 Cash Payments 0 0 0 Total budgeted disbursements Section 3: Financing Activities 0 0 0 0 05 $ 05