Score: 0 of 2 pts 7 of 7 (5 complete) HW Score: 58.29%, 5,83 of 10 pts E22-34 (similar to) Question Help 0 Northeast Auto Parts, a family-owned auto parts store began January with $10.500 cash. Management forecasts that collections from credit customers will be $11.900 in January and $15.400 in February. The store is scheduled to receive 56,500 cash on a business note receivable in January, Projected cash payments include inventory purchases (514,500 in January and $13.200 in February) and selling and administrative expenses (53,500 each month Click the icon to view additional information about Northeast Auto Parts) Read the requirements Cash Budget January and February January February - X More Info Cash available Cash payments Northeast Auto Parts's bank requires a $10,000 minimum balance in the stone's checking account. At the end of any month when the account balance alls below $10.000, the bank automatically extends credit to the store in multiples of $1.000 Northeast Auto Parts borrows as ile as possible and pays back loans in quarterly installments of $2.500.plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan Total cash payments Print Done Ending cash balance Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All part remaining 320 PM 10250