algo exercise 7-17 please help me with this

Exercise 7-17 (Algo) Preparation of cash budgets (for three periods) LO P2 Kayak Company budgeted the following cash recelpts (excluding cash recelpts from loans received) and cash payments fexcluding cash payments for foan principal and interest poyments) for the first three months of next year. Kayak requires a minimum cash balance of $50.000 at each month-end. Loans taken to mott this requirement charge 1 . inteerst per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month Any preimntry cash balance above $50,000 is used to repay loans at month-end. The company has a cash bolance of $50.000 and a loan balance of $100,000 at January 1 . Prepare monthly cosh budgets for January. February, and March. (Negative balances and Loan repsyment amounts (ff any) should be indicated with minus sign.) (x) Answer is not complete. Prey 1 of 1 Next