Karm Corp. requires a minimum $9,200 cash balance Loans taken to meet this requirement cost 1% interest per month (paid monthly) Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $9,600, and the company has no outstanding loans Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow 33.33 + Deres Cash receipts Beginning cash balance Total cash available $25,200 29,000 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar)

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