Stuart Medical Clinic has budgeted the following cash flows. January $115,000 February $121,000 March $141,000 Cash receipts Cash payments For inventory purchases Tor SEA expenses 97,500 38,500 79,500 39,500 92,500 34,500 Stuart Medical had a cash balance of $15.500 on January 1. The company desires to maintain a cash cushion of $8.000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 1 percent per month Repayments may be made in any amount available. Stuart 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 this year's quarterly results. Required Prepare a cash budget. (Round Intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign.) assumed to be borrowed, in increments of $1.000, and repaid on the last day of each month the interest rate is 1 percent per month Repayments may be made in any amount available. Stuart 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 this year's quarterly results. Required Prepare a cash budget. (Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign.) Cash Budget Section 1: Cash Receipts January February March S 0 $ 0 0 0 Total cash available Section 2: Cash Payments 0 0 0 Total budgeted disbursements Section 3: Financing Activities 0 0 0 $ 0 $ 0 $ 0