Cheerful Corp. requires a minimum $$15,000$ cash balance. If necessary, loans are taken to meet this requirement at a cost of $1\%$ interest per month $($paid monthly$).$ If the ending cash balance exceeds the minimum, the excess will be applied to repaying any outstanding loan balance. The cash balance on April $1$ is $$15,000.$ Cash receipts other than for loans received forApril, May, and June are forecasted as $$75,000,$ $$100,000,$ and $$112,000,$ respectively. Payments other than for loan or interest payments for the same period are planned at $$85,000,$ $$96,000,$ and $$110,500,$ respectively. At April $1,$ there are no outstanding loans.Prepare a cash budget for April, May, June. You can round up your numbers to whole numbers on calculations.$*$Hint $-$ you will have an outstanding loan balance still at end of June.