Leichter Auto​ Parts, a​ family-owned auto parts​ store, began January with $ 10,500 cash. Management forecasts that collections from credit customers will be $ 11,000 in January and $ 15,200 in February. The store is scheduled to receive $ 8,500 cash on a business note receivable in January. Projected cash payments include inventory purchases ​($ 15,600 in January and $ 14,800 in February​) and selling and administrative expenses ​($ 2,900 each​ month).).Leichter Auto​ Parts's 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 33​% APR interest on the entire unpaid principal. The first payment occurs three months after the loanprepare Northeast Auto​Parts's cash budget for January and February.