Karim Corp. requires a minimum $8,300 cash balance. If necessary, loans are taken to meet this requirement at a cost of 2% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $8,700 and the company has no outstanding loans. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) La Crosse Company manufactures a single product that sells for $110 per unit and whose total variable costs are $88 per unit. The company's annual fixed costs are $620,000. The sales manager predicts that annual sales of the company's product will soon reach 39,000 units and its price will increase to $190 per unit. According to the production manager, variable costs are expected to increase to $130 per unit but fixed costs will remain at $620,000. The income tax rate is 20%. What amounts of pretax and after-tax income can the company expect to earn from these predicted changes? Prepare a forecasted contribution margin income statement. Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $85,000; May, $115,000; and June, $125,000. Payments are made as follows: 75% in the month of purchase and 25% in the month after purchase. The March 31 balance of accounts payable is $27,000. Prepare a schedule of budgeted cash payments for April, May, and June