X Requirements + 1. Prepare Laughton Auto Parts' cash budget for January and February. 2. How much cash will Laughton Auto Parts borrow in February if collections from customers that month total $14,100 instead of $15,100? Print Done - X i More Info + Laughton Auto Parts' 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 Laughton Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,500, plus 5% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Print Done EM/-34 (Similar to) Laughton Auto Parts, a family-owned auto parts store, began January with $10,000 cash Management forecasts that collections f include inventory purchases (513,100 in January and $13,600 in February) and selling and administrative expenses ($3,400 each i (Click the icon to view additional information about Laughton Auto Parts) Read the requirements $10.000 cash Management forecasts that collections from credit customers will be $11,000 in January and $15,100 in February. The store is scheduled to receive $7.000 and selling and administrative expenses (53 400 each month) ary. The store is scheduled to receive $7,000 cash on a business note receivable in January Projected cash payments Requirement 1. Prepare Laughton Auto Parts' cash budget for January and February Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. Laughton Auto Parts Cash Budget January and February January February Cash available Cash payments Totalcash payments Less Ending cash balance Choose from any list or enter any number in the input Melds and then click Check Answer 1 part remaining