Mike's Motors Corp. manufactures motors for bikes. The company reques a m 30.000 cash balance of each month end necessary, the company borrows to meet requirement at a cost of interes per month and at the end of each mont Any cash balance above $30.000 a month and is used to repay loans. The cash balance on July is $29.000, and the company has no utstanding loans at that time Forecasted cash recept and forecasted cash payments other than forloan activity are as follows - Cash Receipts SHO,000 106,000 145,000 Payments : $100,000 9 , 900 122,400 August September Prepare a cash budget for July August September (Negative balances and Loan repayment amounts of any should be indicated with minus sign. Round your finalwers to the nearest whole dollar) M 'S MOTOCO Cash For later VERT y uno pa Total cash available Preliminary cash balance Ending cash balance Loan balance Loan balance, Month-end Search