Karim Corp. requires a minimum $9,100 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $9.500, 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 $25,100 29,650 August $33, 100 31,100 September $41, 10e 33,120 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 s 9,500 September Beginning cash balance Total cash available Preliminary cash balance Ending cash balance Loan balance S 0 Loan bala - Beginning of month Additional loan (loan repayment) Loan balance - End of month Blue Wave Co. predicts the following unit sales for the coming four months: September. 3.900 units: October, 4.800 units: November, 6.100 units; and December. 7.600 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's sales. At the end of August, the company had 1.800 finished units on hand. Prepare a production budget for each of the months of September October, and November. Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales (units) 96 November 96 96 Units to be produced