Foyert Corp. requires a minimum $6,600 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $6,600 and the company has an outstanding loan of $2,600. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. Cash receipts Cash disbursements October $ 22,600 24,900 November December $ 16,600 $ 20,600 15,600 15,400 Prepare a cash budget for October, November, and December. (Negative balance and Loan repayment amount should be indicated with minus sign.) FOYERT CORP. Cash Budget For October, November, and December October November December Beginning cash balance $ 6,600 Total cash available Preliminary cash balance Ending cash balance Loan balance Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month