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 $ $561,000$ $ $503,000$

February $449,000420,000$

March $499,000589,000$

Kayak requires a minimum cash balance of $$36,000$ at each month$-$end. Loans taken to meet this requirement charge $0\mathrm{.}6\%$ interest per month, paid at each month$-$end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $$36,000$ is used to repay loans at month$-$end. The company has a cash balance of $$36,000$ and a loan balance of $$72,000$ at January $1.$

Prepare monthly cash budgets for January, February, and March. $($The question is in excel format$)$