Need the FORMULAS, as well as the answers for the remaining boxes on the yellow sheet.

Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. (Click on the Graded Worksheet Tab 3 5 6 7 8 10 11 13 14 15 16 1 17 18 19 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 c Required: Prepare monthly cash budgets for January, February, and March. KAYAK COMPANY Cash Budget below.) January February March e ei ts Cash a ments $689,000 551,000 601,000 $612,000 513,000 721,000 Kayak requires a minimum cash balance of $48,000 at each month-end. Loans taken to meet this requirement charge 1% interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $48,000 is used to repay loans at month-end. The company has a cash balance of $48,000 and a loan balance of $96,000 at January 1. Minimum cash balance Monthly interest rate January 1 cash balance January 1 loan balance $48,000 0.6% $48,000 $96,000 Beginning cash balance Add: Cash receipts Total cash available Less: Cash payments for All items excluding interest Interest on loan Total cash payments Preliminary cash balance Additional loan (loan repayment) Ending cash balance Loan balance - Beginning of month Additional loan (loan repayment) Loan balance, end of month e" Loa Required: Prepare monthly cash budgets for January, February, and March. anua $48,000 689,000 737,000 e 612,000 612,000 balan $0 Februa $48,000 551,000 599,000 e 513,000 513,000 $0 Mar 601,000 721,000 e 721,000 $0