Kayak Company budgeted the following cosh receipts (excluding cash receipts from loans received) and cash payments (excluding castr poyments for lonit princlpol and interest payments) for the first three months of next year: Kayak requires a minimum cash balance of $50,000 at each month-end. Loans taken to meet this requirement charge 1%, 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 cast balance above $50,000 is used to repay loans at month-end. The company has a cash balance of $50,000 and a loan balance of $100,000 at January 1 . Prepare monthly cash budgets for January, February, and Morch. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.)