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Karim Corporation requires a minimum $8,400 cash balance. Loans taken to meet this requirement cost...

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Karim Corporation requires a minimum $8,400 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 $8,400 is used to repay loans at month-end. The cash balance on July 1 is $8,800, and the company has no outstanding loans. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow. Prepare a cash budget for July, August, and September. Note: Negotive bolances and Loon repoyment omounts (if any) should be indicoted with minus sign. Round your final answers to the nearest whole dollor

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