Karim Corp. requires a minimum $9,200 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $9,600 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.

	July			August			September
Cash receipts	$	25,200		$	33,200		$	41,200
Cash payments		29,800			31,200			33,200

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 September LI 9,600 Beginning cash balance Total cash available Preliminary cash balance Ending cash balance Loan balance Loan balance Beginning of month Additional loan (loan repayment) Loan balance - End of month