Garda purchased $570,000 of merchandise in August and expects to purchase $740,000 in September. Merchandise purchases are paid as follows: 20 % in the month of purchase and 80 % in the following month. Compute cash payments for merchandise for September GARDA Cash payments for Merchandise (Budgeted) For Month Ended September 30 Cash payments for September purchases Cash payments for August purchases Total budgeted cash payments Next> 1 of 10 Prey 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. October November December $16,600 $20,600 Cash receipts Cash payments $22.600 24,900 15,600 15,400 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 neerest whole dollar.) FOYERT CORP. Cash Budget For October, November, and December November December October 6.600 Beginning cash balance Total cash available Preliminary cash balance Ending cash balance Loan balance Loan balance- Beginning of month Additional loan (loan repayment) Next> 2 of 10