Kaiser, Inc. has the following budgeted cash collections from the cash receipts budget and cash payments (excluding loan principal repayments and interest payments) from the cash disbursements budget for the next quarter (April, May, \& June). In addition, Kaiser's beginning cash balance as of April 1 is 515,290. Kaiser, Inc. would like to maintain a minimum $15,000 cash balance at all times. In order to achieve this goal Kaiser has negotiated a line of credit with the bank. If the preliminary cash balance falts below \$15,000 Kaiser will borrow the necessary funds to keep their batance above the desired amount. If the preliminary cash balance is above the 515,000 minimum balance they will use any excess to pay down any outstanding loan batance at the time. The interest rate on any outstanding line of credit balance is 6% per year. The interest is paid at the end of each month and is computed on the beginning loan batance for the month. They have a zero balance on their line of credit on April ist. Prepare the cash budget for the quarter: Enter cash disbursements and loan repayments as a negatlve number. Round all calculations to the nearest whole dollar. Kaiser, Inc. Cash Budget For April, May, June \begin{tabular}{ccc} \hline April \\ Ceginning Cash Balance collected \\ Cash Disbursements \\ Cash payments (given) \\ Interest on bank loan (6\%) \\ Preliminary cash balance & Additional loan/ or (repayment) & Ending cash balance \end{tabular} Line of Credit balance