Kayak company budgeted the following cash receipts and cash payments for the first three months of next year. January 527000, 470500, February 406000, 349500, March 457000, 529000 Kayak requires a minimum cash balance of 30000 at each month end. Loans taken to meet this requirement charge 1%, interest per month, paid at each month end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above 30000 is used to repay loans at month end. The company has a cash balance of 30000 and a loan balance of 60000 at January 1