Kayak Company budgeted the following cash receipts $($excluding cash receipts from loans received$)$ and cash payments $($excluding cash payments for loan principal and interest payments$)$ for the first three months of next year.

Cash Receipts Cash payments

January $ $522,000$ $ $466,600$

February $408,500353,100$

March $466,000524,000$

Kayak requires a minimum cash balance of $$40,000$ at each month$-$end. The company can borrow money at a monthly interest rate of $1\%,$ paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $$40,000$ is used to repay loans at month$-$end. The company has a cash balance of $$40,000$ and a loan balance of $$80,000$ at January $1.$

Prepare monthly cash budgets for January, February, and March. $($Negative balances and Loan repayment amounts $($if any$)$ should be indicated with minus sign.$)$ Kayak Company budgeted the following cash receipts $($excluding cash receipts from loans received$)$ and cash payments $($excluding

cash payments for loan principal and interest payments$)$ for the first three months of next year.

Kayak requires a minimum cash balance of $$40,000$ at each month$-$end. The company can borrow money at a monthly interest rate of

$1\%,$ paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. Any

preliminary cash balance above $$40,000$ is used to repay loans at month$-$end. The company has a cash balance of $$40,000$ and a

Ioan balance of $$80,000$ at January $1.$

Prepare monthly cash budgets for January, February, and March. $($Negative balances and Loan repayment amounts $($if any$)$ should

be indicated with minus sign.$)$