Motors Corporation 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 2% interest per month (paid at the end of each month). Any preliminary cash balance above $30,000 at month-end is used to repay loans. The cash balance on July1 is $40,000, and the company has no outstanding loans. Budgeted cash receipts and budgeted cash payments (other than for interest on the loan and loan activity) follow. July August September Cash receipts $ 91,000 $ 117,000 $ 156,000 Cash payments 119,000 105,900 133,400 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your nal answers to the nearest whole dollar.) Additional loan (loan repayment) Beginning cash balance as 40,000 $ 30,000 $ 30,000 Add: Cash receipts 91,000 117,000 156,000 Total cash available 131,000 147,000 186,000 ess: Cash payments for nterest on loan 0 All items excluding interest Total cash payments 0 0 0 Preliminary cash balance 131,000 147,000 186,000 SE: Ending cash balance $ 131,000 $ 147,000 $ 186,000 Loan balance, beginning of Month $ 0 $ 0 $ 0 Additional loan (loan repayment) Loan balance, end of month $ 0 $ 0 $ 0