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 $7,100 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 November $23,100 $17,100 25,650 16.100 December $21, 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) 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 $ Beginning cash balance Cash receipts 7,100 $ 23,100 7,100 $ 17,100 24,200 16,100 7,100 21,100 28,200 Total cash available 30,200 14.900 25,650 310 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