A company requires a minimum $$12,400$ cash balance at each month$-$end. If necessary, a loan is taken to meet this requirement at a

cost of $1\%$ interest per month $($paid at the end of each month$).$ Any preliminary cash balance above $$12,400$ is used to repay loans at

month$-$end. The cash balance on March $1$ is $$12,400,$ and the company has no outstanding loans. Budgeted cash receipts from sales

are: March, $$26,000$; April, $$32,400$; and May, $$41,000.$ Budgeted cash payments $($excluding loan or interest payments$)$ are: March,

$$30,000$; April, $$30,200$; and May, $$32,400.$

Required:

Prepare a cash budget for March, April, and May.

Note: Negative balances and Loan repayment amounts $($if any$)$ should be indicated with minus sign. Round your final answers to

the nearest whole dollar.