Llewellin Co. budgeted the following cash receipts and cash disbursements for the first three months of next year. January February March Cash Receipts Cash Disbursements $539,000 $496,000 $447,000 $397,000 $463,000 $520,000 According to a credit agreement with the company's bank, Llewellin promises to have a minimum cash balance of $20,000 at each month-end. In return, the bank has agreed that the company can borrow up to $160,000 at an annual interest rate of 12%, paid on the last day of each month. The company has a cash balance of $20,000 and a loan balance of $40,000 at January 1. Prepare monthly cash budgets for each of the first three months of next year