7. Foyert Corporation requires a minimum $8,000 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 $8,000 is used to repay loans at month-end. The cash balance on October 1 is $8,000, and the company has an outstanding loan of $4,000. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow. October November December Cash receipts $ 24,000 $ 18,000 $ 22,000 Cash payments 27,000 17,000 14,000 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.) FOYERT CORP. Cash Budget October November December Beginning cash balance $ 8,000 Total cash available Total cash payments 0 0 0