Solomon Medical Clinic has budgeted the following cash flows. January February March $114,000 $120,000 $140,000 Cash receipts Cash payments For inventory purchases For SA expens 97,000 38,000 79,000 39,000 92,000 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.) montniy $40,000 beginning Dalance in its line of creant hability account from last year's quarteny results. Required Prepare a cash budget. (Round Intermediate and final answers to the nearest whole dollar amounts. Any re Indicated with a minus sign.) February March Cash Budget Section 1: Cash Preipts 0 0 0 0 0 Total cash available Section 2: Cash Payments Total budgeted disbursements Section 3: Financing Activities 0 0 0 0 0 $ 0 $ 0