Cash Receipts Cash payments January $ 527,000 $ 469,400 February 412,000 354,400 March 452,000 521,000 Kayak requires a minimum cash balance of $40,000 at each month-end. The company can borrow money at a monthly interest rate of 1%, pald on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $40,000 is used to repay loans at month-end. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1. Prepare monthly cash budgets for January February, and March (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) KAYAK COMPANY Cash Budget January $ 40,000 February March Beginning cash balance Total cash available 0 0 0 Total cash payments Preliminary cash balance Loan activity Saved Help Save & Exit Subri Kayak requires a minimum cash balance of $40,000 at each month-end. The company can borrow money at a monthly interest rate 1%, paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $40,000 is used to repay loans at month-end. The company has a cash balance of $40,000 and a loan balance of $80,000 at January 1. Prepare monthly cash budgets for January, February, and March (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Assessment Tool Frame KAYAK COMPANY Cash Budget January $ 40,000 February March Beginning cash balance Total cash available 0 0 Total cash payments Preliminary cash balance Loon activity Ending cash balance Loan balance $ 80,000 Loan balance. Beginning of month Additional loan (oan repayment) Loan balance, end of month