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Business & Finance Assignment | custom Homework Help

Can you help with this question? I need to know how they got the answer. GS Cookie Co. forecasts cash receipts for January and February of $9,000 and $10,000 respectively. Cash payments of $4,000 and $5,000 are expected in these two months. GS Cookie’s cash balance at the beginning of January was $5,000, a level that it attempts to maintain. At the beginning of the year, GS Cookie has a $13,000 balance outstanding on its line of credit at the local bank. Based on its cash budget, how much of the line an GS Cookie replay in January and February?

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