Southwest Auto Parts, a family-owned auto parts store, began January with $10,500 cash. Management forecasts that collections from $6,000 cash on a business note receivable in January. Projected cash payments include inventory purchases ($14,100 in January and Click the icon to view additional information about Southwest Auto Parts.) Read the requirements. Requirement 1. Prepare Southwest Auto Parts' cash budget for January and February Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete al input fiel minus sign when entering a deficiency.) Southwest Auto Parts Cash Budget January and February January February Cash available Cash payments: Total cash payments Es that collections from credit customers will be $11,300 in January and $15,100 in February. The store is scheduled to receive 4, 100 in January and $12,700 in February) and selling and administrative expenses ($3,200 each month). Complete all input fields. For entries with a $0 balance, make sure to enter "O" in the appropriate cell Use parentheses or a i X More Info Southwest Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Southwest Auto Parts borrows as little as possible and pays back loans in quarterly installments of $1,500, plus 3% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Print Done Requirements - 1. Prepare Southwest Auto Parts' cash budget for January and February. 2. How much cash will Southwest Auto Parts borrow in February if collections from customers that month total $14, 100 instead of $15,100? Print Done