Hunter Corp. requires a minimum $$20,000$ cash balance. If necessary, loans are taken to meet this requirement at a cost of $1\%$ interest per month $($paid monthly$).$ If the ending cash balance exceeds the minimum, the excess will be applied to repaying any outstanding loan balance. The cash balance on April $1$ is $$20,000.$ Cash receipts other than for loans received for April, May, and June are forecasted as $$68,000,$ $$105,000,$ and $$112,000,$ respectively. Payments other than for loan or interest payments for the same period are planned at $$75,000,$ $$101,000,$ and $$110,000,$ respectively. At April $1,$ there are no outstanding loans.

Prepare a cash budget for April, May, June. You can round up your numbers to whole numbers on calculations.

$*$Hint $-$ you will have an outstanding loan balance still at end of June.

$+5$ extra credit $-$ tell me what the outstanding loan balance is at the end of June.