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 Prepare monthly cash budgets for each of the first three months of next year