Karim Corporation requlres a minimum $8,000 cash balance. Loans tiken to meet this requirement cost 1% interest per month (pald at the end of each month). Any preliminary cash balance above $8,000 is used to repay loans at month-end. The cash balance on July 1 is $8,400, and the company has no outstanding loans. Budgeted cash recelpts (other than for loans recelved) and budgeted cash payments (other than for loan or interest payments) follow. Prepare a cash budget for July. August, and Septembec. (Negative balances and Loan repayment amounts (If any) should be. indicated with minus sign. Round your final answers to the nearest whole dollar.) * Answer isnot eomplete. YGARAM CORPDRATION Cash Reidget