Cash Budget with minimui Dalarerequirements Samson, Inc. requires a $5,000 per month minimum cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month. Any excess cash is used to repay loans at month end. The cash balance on May 1 is $5,500 and the company has no outstanding loans. Forecasted cash reciepts and cash payments follow. Cash Receipts Cash Disbursements May $22,000 $26,000 June $25,000 $28,000 July $42,000 $24,000 Prepare a cash budget for May, June, and July