Problem 7-20A (Algo) Preparing a cash budget LO 7-5 Campbell Medical Clinic has budgeted the following cash flows. Campbell Medical had a cash balance of $10,000 on January 1. The company desires to maintain a cash balance of $9,000. 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. Campbell 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. Note: Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{1}{|c|}{ Cash Budget } & January & February & March \\ \hline Section 1: Cash Receipts & & & \\ \hline & & & \\ \hline & & & \\ \hline Total cash available & & & \\ \hline Section 2: Cash Payments & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Total budgeted disbursements & & & \\ \hline & & & \\ \hline \end{tabular}