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 rst three months of next year. Cash Receipts Cash payments January :5 51?,000 5 460,500 February 403,000 346, 500 March 479,000 530, 000 Kayak requires a minimum cash balance WEB-10,000 at each month-end. The company can borrow money at a monthly interest rate of 196, 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 monthend. The company has a cash balance of $40,000 and a loan balance of $30,000 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.) Beginning cash balance $ 40,000 __ Ending cash balance Loan balance Beginning of month Additional loan (loan repayment) Loan balance, end of month