Southwest Auto Parts, a family-owned auto parts store, began January with $10,800 cash Management forecasts that collections from credit customers will be $11,400 in January and $14,700 in Februar receivable in January. Projected cash payments include inventory purchases ($14,900 in January and $13,700 in February) and selling and administrative expenses (52,800 each month) (Click the icon to view additional information about Southwest Auto Parts) Read the requirements Requirement 1. Prepare Southwest Auto Parts's 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 all answer boxes. For entries with a $0 balance, make sure to enter U" in the app deficiency) Southwest Auto Parts Cash Budget - X January and February More Info January February Southwest Auto Parts's bank requires a $10,000 minimum balance in the store's checking account At the end of any month when the account balance fals below $10.000, the bank automatically extends credt to the store in mutples of$1,000 Southwest Auto Parts borrows as ife as possible and paysNack loans in quarterly instalments of $1.500, plus 4% APR interest on the entire unpaid principal The first payment occurs three months ater the loan Cash available Cash payments - X Requirements Total cash payments 1. Prepare Southwest Auto Parts's cash budget for January and February 2. How much cash will Southwest Auto Parts borrow in February if collections from customers that month total $13,700 instead of $14.700 Choose from any list or enter any number in the input feids and then click Check Answer Print Done 1 part remaining