(Click the icon to view additional information about Ling Auto Parts.) Read the requirements. Requirement 1. Prepare Ling Auto Parts' cash budget for January and February. entering a deficiency.) More info Ling 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. Ling Auto Parts borrows as little as possible and pays back loans in quarterly installments of $3,000, plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Requirements 1. Prepare Ling Auto Parts' cash budget for January and February. 2. How much cash will Ling Auto Parts borrow in February if collections from customers that month total $14,400 instead of $15,400