Walton medical clinic has budgeted the following cash flows.

prepare a cash budget

Walton Medical Clinic has budgeted the following cash flows. January $118,000 February $124,000 March $144,000 Cash receipts Cash payments For inventory purchases For S&A expenses 99,000 40,000 81,000 41,000 94,000 36,000 ok at Walton Medical had a cash balance of $17.000 on January 1. The company desires to maintain a cash cushion of $5,000. 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. Walton 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 Recepts January February March $ 0 $ 0 0 0 Total cash valable Section 2 Cash Payments 0 Repayments may be made in any amount available. Walton 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 OK March 3 0 $ 0 nces 0 Total cash available Section 2. Cash Payments 0 0 0 Total budgeted disbursements Section 3. Financing Activities 0 0 0 0 0 $ OS 0 s 0