Foyert Corp. requires a minimum $7100 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 $7100 and the company has an outstanding loan of $3,100. 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 $23, 100 25,650 November December $17,100 $21,100 16.100 14,900 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 $ 7,100 7,100 $ 23,100 7,100 $ 17,100 21,100 30,200 24,200 28,200 Beginning cash balance Cash receipts Total cash available Cash payments Interest on bank loan Preliminary cash balance Additional loan (loan repayment) Ending cash balance Loan balance $ 3.100 Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month