Karim Corp. requires a minimum $9.400 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 $9,800 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 $25,400 30,100 August $33,480 31,480 September $41, 480 33,400 Prepare a cash budget for July, August, and September (Negative balances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whale dollar) KARIM CORP Cash Budget For July August, and September August 0.000$ 0.400 25.400 33.400 35 200 42.800 Beginning cash balance Cash receipts Total cash available September 0,400 41.400 30,000 Preliminary cash balance Ending cash balance Loan balance Loan balance Beginning of month Additional loan repayment Loan balance - End of month