each month$).$

View additional information about Leichter Auto Parts.

Read the requirements.

Additional Information

Requirement $1.$ Prepare Leichter Auto Parts' cash budget for January and February.

Prepare the cash budget by entering in the labels, then enter in the amounts for January

parentheses or a minus sign when entering a deficiency.$)$

Leichter 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.$ Leichter Auto Parts borrows as little as possible and pays back loans in

quarterly installments of $$2,500,$ plus $3\%$ APR interest on the entire unpaid

principal. The first payment occurs three months after the loan.

n the appropriate input field. Use

Requirements

Prepare Leichter Auto Parts' cash budget for January and February.

How much cash will Leichter Auto Parts borrow in February if collections from

customers that month total $$14,100$ instead of $$15,100?$