Karim Corp. requires a minimum $8.800 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid monthly Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $9.200, 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, Cash receipts Cash payments July $24,800 29,200 August 532,300 30,800 September $49,800 32,800 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.) KARIM CORP Cash Budget For July, August, and September July August $ 9 200 September Beginning cash balance Total cash available Preliminary cash balance Ending cash balance Loan balance 5 0 Loan balance Beginning of month Additional loan (loan repayment) Loan balance - End of month