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 July 1 is $42,000, 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. Prepare a cash budget for July, August, and September. Note: Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ MOTORS CORPORATION } \\ \hline & Cash Budget & & \\ \hline Beginning cash balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Total cash available & & & \\ \hline Total cash payments & & & \\ \hline Preliminary cash balance & & & \\ \hline Enditional loan (loan repayment) & & & \\ \hline Loan activity & & & \\ \hline Loan balance, beginning of Month & & & \\ \hline Additional loan (loan repayment) & & & \\ \hline Loan balance, end of month & & & \\ \hline \hline \end{tabular}