How do you calculate for interest for April, May and June? Are my answers correct?

2 Cash Budget Cash balance, beginning Add collections from sales Total cash available Less disbursements: Direct Materials Selling and Administrative Equipment purchases Dividends Total Disbursements Excess {deficiency} of cash Financing: Borrowings Interest Repayment Total Financing Cash balance, ending April May June Quarter 5 74,000 5 50,000 5 50,000 S 74,000 3 436,000 3 695,000 5 365,000 5 1,996,000 S 510,000 3 745,000 5 915,000 5 2,070,000 S 253,000 5 313,000 5 244,000 3 320,000 5 357,000 5 371,000 5 351,000 3 1,079,000 5 16,000 5 40,000 5 56,000 5 15,000 5 15,000 5 630,000 5 705,000 5 635,000 S 1,970,000 -$ 120,000 5 40,000 5 230,000 S 200,000 5 170,141.? 5 10,150.12 5 180,292 141.67 150.12 150.24 5 442.03 S 130,292 3 130,292 5 170,000 5 10,000 5 130,442 5 442 5 50,000 5 50,000 5 99,558 5 99,558 The company wants a minimum ending cash balance each month of Page 379 $50,000. All borrowing is done at the beginning of the month, with any repayments made at the end of the month. The interest rate on these loans is 1% per month and must be paid at the end of each month based on the outstanding loan balance for that month