Use the following schedule to calculate the cash flow for the Adams Company. Calculate the credit line balance owed. The bank requires the company to keep a $40,000 minimum balance.

Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest on LT Debt Total cash disbursements Ending cash balance (before credit line activity) January February March 40,000.00 115,000.00 118,000.00 114,000.00 $ 64,000.00 $ 70,000.00 $ 71,000.00 37,000.00 41,000.00 11,000.00 39,000.00 10,000.00 12,000.00 $ 113,000.00 $ 122,000.00 $ 120,000.00 $ Version 11.3 Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest on LT Debt Total cash disbursements Ending cash balance (before credit line activity) January February March 40,000.00 115,000.00 118,000.00 114,000.00 $ 64,000.00 $ 70,000.00 $ 71,000.00 37,000.00 41,000.00 11,000.00 39,000.00 10,000.00 12,000.00 $ 113,000.00 $ 122,000.00 $ 120,000.00 $ Version 11.3