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Question 21 45 pts 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 October 1 is $16,000. Cash receipts other than for loans received for October, November, and December are forecasted as $30,000, $92,000, and $105,000, respectively. Payments other than for loan or interest payments for the same period are planned at $38,500, $85,000, and $90,000, respectively at October 1, there are no outstanding loans. Prepare a cash budget for October, November, and December Edit View Insert Format Tools Table 12ptParagraph B IV Aev Tev T2