Check my Karim Corp. requires a minimum $9,800 cash balance. Loans taken to meet this requirement cost 1% interest per month(paid monthly Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $10,200, and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. Cash receipts Cash payments July $25,800 30,700 August $33,800 31,800 September $41,800 33,800 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) KARIM CORP. Cash Budget For July, August, and September July August $ 10,200 September Beginning cash balance Total cash available + Activate Preliminary cash balance ORP e M9 W ere to search Save & Ext Check Cash Budget For July, August, and September July August $ 10,2001 September Beginning cash balance Total cash available L Preliminary cash balance ences Ending cash balance Loan balance $ 0 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month e here to search