Kayak Co budgeted the tollowing cash recapts (excluding cash recelpts from loans recevec) and cash dlsbursements (excluding cash dlsbursements for loan princlpal and Interes paymenta) for the frst three montns of next year. Cash Cash 5 525,000 407.500 5 476.000 363.000 524.000 March According to a credt agreement witih the company's bank, Kaak promises to have a minimum cash balance of 550,000 at each montn-end in return, the bank has agreed that the company can borrow up to $150,000 at an anual interest rate of 12%, paid on the last day of each month. The iterest Is computed based on the beginng balance of he loan for the montn. The company repays loan princlpal witn avallable cash on the last day of each montn. The company has a cash balance of $50,000 and a loan balance of $100,000 at January 1 Prepare montnly cash budgets tor each of the first three montns of next year. (Be certalin to enter required. Negative balance and Loan repayment amount should be Indicated with minus sign.] wherever KAYAK COMPANY Cash Budget For January February and March March Eegiming cash balance Cash recelpts Total caah avallable 50.000 dlsbureemente expenee Prellminary caeh balance Acoirional loan (loan repayment) Ending cash balance Loan balance-Begiming of mont Adoitional loan (loan repayment) Loan balance End of montn 100000