Kayak requires a minimum cash balance of $$40,000$ at each month$-$end. Loans taken to meet this requirement charge $1\%,$ interest per month, paid at each month$-$end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $$40,000$ is used to repay loans at month$-$end. The company has a cash balance of $$40,000$ and a loan balance of $$80,000$ 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.$)$

$\backslash$table$[[$KAYAK COMPANY$],[$Cash Budget$],[,$January,February,March$],[$Beginning cash balance,$$,40,000,$$$,40,000,$$$,74,168],[$Add: Cash receipts,,$522,000,,400,500,,467,000],[$Total cash available,,$562,000,,440,500,,541,168],[$Less: Cash payments for$],[$Interest on loan,,$(800),,(232),,0],[$All items excluding interest,,$464,400,,342,900,,526,000],[$Total cash payments,,$463,600,,342,668,,526,000],[$Preliminary cash balance,,$96,800,,97,368,,],[$Loan activity$],[$Additional loan $($loan repayment$),,(56,800),,(23,200),,],[$Ending cash balance,$$,40,000,$$$,74,168,$$$,40,000],[$Loan balance$],[$Loan balance $-$ Beginning of month,$$,80,000,$$$,23,200,$$$,0],[$Additional loan $($loan repayment$),,(56,800),,(23,200),,],[$Loan balance, end of month,$$,23200,$$$,0,,]]$

ALL INFO ALREADY IN THE CHART IS CORRECT; JUST NEED THE MARCH PRELIMINARY CASH BALANCE, ADDITIONAL LOAN $($LOAN REPAYMENT$),$ AND LOAN BALANCE END OF MONTH FOR MARCH