Kayak Company Cash Budget-I have some of it and now stuck.

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 $ 528,090 $ 474, 809 February 401 , 508 348,308 March 468, 098 524, 208 Kayak requires a minimum cash balance of $30,000 at each month-end. The company can borrow money at a monthly interest rate of 1%. 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 $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 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.) KAYAK COMPANY Cash Budget January February March Beginning cash balance 30,000 30,000 Add: Cash receipts 528,000 401.500 Total cash available 658,000 431.500 Less: Cash payments for All items excluding interest 474.800 348,300 624,000 Interest on loan 600 832 Total cash payments 474,200 347,468 624,000 Preliminary cash balance 82.600 82,368 Loan activity Additional loan (loan repayment) 52,600) Ending cash balance 30,000 Loan balance Loan balance - Beginning of month 60,000 7,400 S Additional loan (loan repayment) (52,600