Marble Company Contribution Margin Income Statement For Year Ending December 31, 2019 According to a credit agreement with the company's bank, Marbie Company promises to have a minimum cash balance of $50,000 at each month-end. In return, the bank has agreed that the company can borrow up to $150,000 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. The company repays loan principal with any cash in excess of $50,000 on the East day of each month. The company has a cash balance of $50,000 and a loan balance of $100,000 at January 1. Marble Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (exciuding cash payments for loan principal and interest payments) for the first three months of next year January February March 1. Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Beginning Baiance Cash Reciepts Total Cash Available ash payments Interest expense Prelimnary cash balance Additional loan/ loan repayment