Golden Corral is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: July 180,000 August 330,000 September 225,000 Total cash receipts Total cash disbursements 270,000 230,000 230,000 The company's beginning cash balance for July will be KD 20,000. The company requires a minimum cash balance of KD 10,000 and may borrow any amount needed from a local bank at a monthly interest rate of 3%. The company may borrow any amount at the beginning of any month and may repay its loans, or any part of its loans, at the end of any month. Interest payments are due on any principal at the time it is repaid. Required For the month of July Excess (deticiency) of cash available over disbursements - KD Required borrowing for the month - KD Ending cash balance a KD For the month of August: Excess (deficiency) of cash available over disbursements - KD Total financing repayment with interest - KD Ending cash balance - KD For the month of September: Excess (deficiency of cash available over disbursements - KD Required borrowing for the month - KD Ending cash balance - KD