Karim Corporation requires a minimum $8,400 cash balance. Loans taken to meet this requirement cost 1% interest per month [paid at the end of each month}. Any preliminary cash balance above $8,400 is used to repay loans at month-end. The cash balance on July'l is $8,800, and the company has no outstanding loans. Budgeted cash receipts [other than for loans received] and budgeted cash payments {other than for loan or interest payments] follow. Jul}.r August September Cash receipts 5 24,400 5 32,400 5 40,400 Cash payments 28,690 30,400 32,400 Prepare a cash budget for July, August, and September. Note: Negative balances and Loan repayment amounts {if any} should be indicated with minus sign. Round your final answers to the nearest. whole dollar. Beginning cash balance 5 3,801] _ _ Total cash navments In- Preliminary cash balance ___ ___ mm... ___ Additional loan {loan repayment] Loan balance End of month