171 por 6 Kay Company budgeted the following cash receipts excluding cash receipts from loans received and cash payments (excluding cash payments for loen principe and interest payments for the first three months of next year January, Mar Kayak requires a minimum cash belerce of $50.000 at each mont-end Loans taken to meet the monds peid et each month-end The interest is computed based on the beginning balance cash balance above $50,000 is used to repay loans at month end. The company h of $100,000 at January 1.0 requirement charge 1% interest per e loan for month. Any preliminary $50,000 and a loan balance Prepare monthly cash budgets for January, February, and March (Negative balances and Loan repayment amounts of any) should be indicated with minus sign) .: AM COMPANY Cash Banger January Fa March Beginning cash an 0.000 50.000 A Cash cep $15.000 P 50,000 455.000 Less Cash payment b 416.500 548 500 529600 348100] 121000 Pray ba Lady Lown Splenice