7 3 points Foyert Corp. requires a minimum $7.900 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 October 1 is $7.900 and the company has an outstanding loan of $3.900. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. October November December Cash receipts $23,900 $17,900 $21,900 Cash payments 26,850 16,900 14,100 Prepare a cash budget for October, November, and December (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar) H lo 19 19 Print FOYERT CORP Cash Budget For October, November, and December October November December Beginning cash balance 7.900 5 972 1,972 Cash recipes 23,000 12,000 21,800 Tot cash available 31.000 13.872 23,872 References Preliminary cash balance Ending cash balance Loan balance 5 2.000 Lan balance Beginning of month Additional loan loan repayment) Loan balance. End of month 78