A company requires a minimum $11,560 cazh 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 $11,560 is used to repay loans at month-end. The cash balance on March 1is $11,700, and the company has no outstanding loans. Budgeted cash receipts from sales are: March, $25,300; April, $32,260; and May, $40,650. Budgeted cash payments (excluding loan or interest payments) are: March, $29,300; April, $30130; and May, $32,260. 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. Beginning cash balance Total cash available Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance Loan balance, Beginning of month 5 0 Additional loan or Repayment of loan Loan balance, End of month