4 Karim Corp. requires a minimum $8,100 cash balance. Loans taken to meet this requirement cost 2 % interest per month (paid monthly). Any excess cash is used to repay loans at month end. The cash balance on July 1 is $8,500, 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 payments) follow. August $24,100 $32,100 40,100 30, 100 July September Cash receipts Cash payments 28,150 32, 100 -Book Paint 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.) erences KARIM CORP Cash Budget For July, August, and September July August September Beginning cash balance 8,500 Total cash avalable Preliminary cash balance Ending cash balance ww Prev 4 of 4 Next 7 Saved 4 Prepaie a caSTI Duuget ioi JUly, August, du Sepienber. (vegative paiances ana Loan repayment amounts (IT any indicated with minus sign. Round your final answers to the nearest whole dollar.) KARIM CORP. Cash Budget Dints For July, August, and September July August September Beginning cash balance 8,500 eBook Print Total cash available References Preliminary cash balance Ending cash balance Loan balance Loan balance Beginning of month 0 Additional loan (loan repayment) Loan balance End of month