Karim Corporation requires a minimum $8,900 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid at the end of each month). Any preliminary cash balance above $8,900 is used to repay loans at month-end. The cash balance on July 1 is $9,300, 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.

	July	August	September
Cash receipts	$ 24,900	$ 32,900	$ 40,900
Cash payments	29,350	30,900	32,900

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 CORPORATION Cash Budget