Foyert Corporation requires a minimum $30,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid at the end of each month). Any preliminary cash balance above $30,000 is used to repay loans at month-end. The cash balance on October 1 is $30,000, and the company has an outstanding loan of $10,000. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow. October $ 110,000 Cash receipts Cash payments November $ 80,000 75,000 December $ 100,000 80,000 120,000 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 November December Beginning cash balance Add: Cash receipts Total cash available Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance - Beginning of month Additional loan (loan repayment) $ October 30,000 $ 110,000 140,000 0 Loan balance $ 10,000 30,000 $ 80,000 110,000 0 30,000 130,000 160,000 0