Foyert Corporation requires a minimum $$7,100$ cash balance. Loans taken to meet this requirement cost $2\%$ interest per month $($paid at the end of each month$).$ Any preliminary cash balance above $$7,100$ 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.$ 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 $ $23,100$ $ $17,100$ $ $21,100$

Cash payments $25,65016,10014,900$