0 Karim Corporation requires a minimum $10,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid at the end of each month). Any preliminary cash balance above $10,000 is used to repay loans at month-end. The cash balance on July 1 is $10,400, and the company has no outstanding loans. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow Cash receipts Cash payments July $ 26,000 31,000 August $ 34,000 32,000 September $ 42,000 34,000 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.) KARIM CORPORATION Cash Budget July August September Beginning cash balance Add Cash receipts $ 10,400 26.000 34.000 42.000 Total cash available 36,400 Less Cash paymeres for All tems excluding interest 31,000 32.000 34.000 Interest on loan 31.000 32.000 34.000 Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance Begening of month Additional loan (san repayment) Loan balance End of month Loan balance