Rundle Medical Clinic has budgeted the following cash flows: January $112,000 February $118,000 March $138,000 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 montl Repayments may be made in any amount available. Rundle pays its vendors on the last day of the month also. The company had a alance 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. ) Cash Budget January February March Cash available Less: Cash payments Total budgeted payments Payments minus receipts Financing Activity