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Foyert Corp. requires a minimum $6,100 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $6,100 and the company has an outstanding loan of $2,100. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. October November December Cash receipts $22, 100 $16, 100 $20, 100 Cash payments 24, 150 15, 100 15, 900 Prepare a cash budget for October, November, and December. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.) FOYERT CORP. Cash Budget For October, November, and December October November December Beginning cash balance 6, 100 6,100 5,100 es Cash receipts 22, 100 16.100 20, 100 Total cash available 28,200 22,200 26,200 Cash payments 24. 150 15,100 15,900 Interest on bank loan Preliminary cash balance Additional loan (loan repayment) Ending cash balance 69 6,100 Loan balance Loan balance - Beginning of month 2,100 2,100 Additional loan (loan repayment) Loan balance - End of month 2, 100