prepair monthly cash budgets for each of three months of next year

PUC Enterprise guarantees that it will maintain a minimum cash balance of $10,000 at the end of each month as part of a credit agreement with its bank. Consequently, the bank has agreed that the company can borrow up to $100,000 at an annual interest rate of 12%. The interest is computed based on the beginning balance of the loan for the month. On January 1, the company had a cash balance of $20,000 and a loan balance of $40,000. PUC Enterprise budgeted the following cash receipts and cash disbursements for the first three months of next year