Foyert Corp. requires a minimum $6,100 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $6,100 and the company has an outstanding loan of $2,100. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. Cash receipts Cash payments October $22,100 24,150 November $16,100 15,100 December $20,100 15,900 Prepare a cash budget for October, November, and December. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) FOYERT CORP. Cash Budget For October, November, and December October November December $ 6,100 $ 6,100 $ 6,100 Beginning cash balance Cash receipts 22,100 16,100 20,100 28,200 26,200 22,200 15,100 24,150 15,900 Total cash available Cash payments Interest on bank loan Preliminary cash balance Additional loan (loan repayment) Ending cash balance $ 6,100 $ 6,100 Loan balance $ 2,100 $ 2,100 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month $ 2,100