Solomon Medical Clinic has budgeted the following cash flows. Cash receipts Cash payments bok For inventory purchases For S&A expenses int ences January February March $114,000 $120,000 $140,000 97,000 79,000 92,000 38,000 39,000 34,000 Solomon Medical had a cash balance of $15,000 on January 1. The company desires to maintain a cash cushion of $7,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 3 percent per month. Repayments may be made in any amount available. Solomon 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.) Cash Budget Section 1: Cash Receipts Total cash available Section 2: Cash Payments January February March