January $522000 February 402500 March 457,000 $464,400 344,900 531,000 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up to $150,000 at an annual interest rate of 12%, paid on the last day of each month. The Interest is computed. based on the beginning balance of the loan for the month. The company repays loan principal with available cash on the last day of each month. The company has a cash balance of $50,000 and a loan balance of $100,000 at January 1 Prepare monthly cash budgets for each of the first three months of next year. (Negative balances and Loan repayment amounts (If any) should be Indiceted with minus signs.) KAYAK COM Cash Budget For January, February, and March JanuaryFebruaryMarch 50,000f $ Beginning cash balance Cash receipts Total cash available Cash disbursements 522,000 572.000 464.400 1,000 50.000 402.500 452 500 344 900 457 000 531,000 est 6xpense Pireiminary cash balance Additional loan (loan repayment Ending icash balance Loan balance Loan baiance - Beginning of monh S100 000 Adctional ica-ilcan repayment n balance Erdiot imonth