Exercise 22-21 (Static) Cash budget LO P2 Foyert Corporation requires a minimum $30,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid at the end of each month). Any preliminary cash balance above $30,000 is used to repay loans at month-end. The cash balance on October 1 is $30,000, and the company has an outstanding loan of $10,000. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow. October November December Cash receipts $ 110,000 $ 80,000 $ 100,000 Cash payments 120,000 75,000 80,000 Prepare a cash budget for October, November, and December. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sig