Southwest Auto Parts, a family-owned auto parts store, began January with $10,900 cash. Management forecasts that collections from credit customers will be $11,600 in January and $15,200 in February. The store is scheduled to receive $4,000 cash on a business note receivable in January. Projected cash payments include inventory purchases ($12,100 in January and $12,900 in February) and selling and administrative expenses ($3,400 each month). (Click the icon to view additional information about Southwest Auto Parts.) Read the requirements. Requirements - 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 $14,200 instead of $15,200? More Info Print Done st and February next. (Complete all e parentheses or a minus sign when 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 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 $3,000, plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan.