Kayak Company budgeted the following cash receipts (excluding cash recelpts from loans recesed) and cash payments (excluding ash payments for laan pitindpal and interegt payments) for the first three months of next year. Gayak requires a minimum cash balance of $30,000 at each monthend Loans taken to meet ths requlremert charge tha interest por north, paid at each monthend. The interest s compsted based on the beginning bylance of the loan for the month. Any preliminary cach balance above $30,000 is used to repary loant at morthend. The conpany has a cath balance of $30,000 and a loan balance of 560,000 at January 1 . Trepsre morthly cash budgets for January. FobruaF, and March. Note Negative balances and Loan repayment amounts of argy chould be tndicated wht minus sign