Karim Corporation requires a minimum $9,400 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 $9,400 is used to repay loans at month-end. The cash balance on July 1 is $9,800, 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 Cash receipts Cash payments July $ 25,400 30,100 August $ 33,400 31,400 September $ 41,400 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 whole dollar.) Beginning cash balance Total cash available KARIM CORPORATION Cash Budget July August September 9,800 THE