Zachary Medical Clinic has budgeted the following cash flows.

	January			February			March
Cash receipts	$	119,000		$	125,000		$	145,000
Cash payments
For inventory purchases		99,500			81,500			94,500
For S&A expenses		40,500			41,500			36,500

Zachary Medical had a cash balance of $17,500 on January 1. The company desires to maintain a cash cushion of $6,000. Funds are assumed to be borrowed, in increments of $1,000, and repaid on the last day of each month; the interest rate is 2 percent per month. Repayments may be made in any amount available. Zachary 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 years 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.)