A company requires a minimum $10,UUU casn balance at each montn-ena. It 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 $10,000 is used to repay loans at month-end. The cash balance on March 1 is $10,400, and the company has no outstanding loans. Budgeted cash receipts from sales are: March, $24,000; April, $32,000; and May, $40,000. Budgeted cash payments (excluding loan or interest payments) are: March, $28,000; April, $30,000; and May, $32,000. 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. Cash Budget March April May Beginning cash balance $ 10,400 Total cash available Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance, Beginning of month Additional loan or Repayment of loan Loan balance, End of month Loan balance $ 0 Req la Req 1b Req 2a Req 2b Which company has higher leverage risk? Which company has higher leverage risk? Times Interest Earned Ratio Numerator/Denominator Amounts E Travel Pricecheck < Req 1b Req 2b > Req la Req 1b Req 2 Req 2b Which company is better able to meet interest payments as they become due? Which company is better able to meet interest payments as they become due? C