Thornton Medical Clinic has budgeted the following cash flows. January February Harch 5116,000 $122,000 5142,000 Cash receipts Cash payments For inventory purchases For SA expenses 9,000 39,000 80,000 40,000 93,000 35.000 Thornton Medical had a cash balance of 516,000 on January 1. The company desires to maintain a cash cushion or $9,000, Funds are assumed to be borrowed in increments of S1000, and repaid on the last day of each month, the interest rate is 2 percent per month Repayments may be made in any amount available. Thornton 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.) Cass Budget Section 1 Cash Receipts January February March $ 05 0 Total cash available Section 2 Cash Payments 0 0 0 Total budgeted disbursements Section 3. Financing Activities 0 0 0 0 0 $ 0 $ 05 0