22B Connect Karim Corp. requires a minimum $8.000 cash balance. Loans taken to meet this requirement cost interest per month paid monthly Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $8.400, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received and forecasted cash payments (other than for loan or interest payment follow Cash receipt $20,000 28.000 $26.000 30.000 Prepare a cash budget for July August, and September (Negative lances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar) KARIM CORP Cash Bude For y, August, and September Totalcas availab Preliminary cash balance Ending cash balance Loan balance. Beginning of month Adsonal loan loan repayment) Loan balance - End of month