Mike's Motors Corp, manufactures motors for dirt bikes. The company requires a minimum $30,000 cash balance at each month-end. If necessary, the company borrows to meet this requirement, at a cost of 3% interest per month (paid at the end of each month). Any cash balance above $30.000 at month-end is used to repay loans. The cash balance on July 1 is $35,000, and the company has no outstanding loans at that time Forecasted cash receipts and forecasted cash payments (other than for loan activity) are as follows. July Cash Receipt $ 86.000 112,000 151,000 Cash Payments $ 114,000 100,900 128.400 August September Prepare a cash budget for July August, and September (Negative balonces and Loan repayment amounts (if any) should be indicated with minus sign. Round your final onswers to the nearest whole dollar.) September MIKETS MOTORS CORP Cash Budget For July August, and September duly August Beginning cash balance $ 35,000 Cash receipts 86,000 Total cash available 121,000 Cash payments interest expense Preliminary cash balance 121.000 Additional loan loan repayment) Ending cash balance $ 121,000 Loan balance Loan balance, Beg of Month Addional loan coin repayment) Loan balance, Month-end