Kayak Company budgeted the following cash receipts (exduding cashrecepts fiom loans receved) and casn payments (exduding cash payments for loan prindpal and interest payments) for the first three moniths of next year Koyak tequires a minimum cash balance of $30,000 at each month-end. Loans taken to meet ins siequrement oharge 1% interest per month, paid at each momhend. The interest is computed based on the beginning balance of the loan for the month Any preisinary cash balance above $30,000 is used to tepay loans at month-end The company has a cash balance of $30,000 and a loan balance of $60,000 a daruary 1 Prepare monthly cash budgefs for January, Febevary, and March, Note: Negative belances and Loen repoyment amounts (If any) chouki be Indicoted with minus slgn