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Karkim Corporation requires a minimum $8,000 cash balance. Loans taken to meet thls requirement cost 1% interest per month (pald at the end of each

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Karkim Corporation requires a minimum $8,000 cash balance. Loans taken to meet thls requirement cost 1% interest per month (pald at the end of each month). Any preliminary cash balance above $8,000 is used to repay loars 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 September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.)

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