Fabrice Corp, requires a minimum $$8,000$ cash balance. If necessary, loans are taken to meet this requirement at a cast of $1\%$ interest per month $($paid monthly$).$ Any excess is used to repay loans at month$-$end. The cash balance on October $1$ is $$8,000$ and the company has an outstanding loan of $$3,000,$ Forecasted cash receipts $($other than for loans received$)$ and forecasted cash payments $($other than for loan or interest payments$)$ follow. Prepare a cash budget for October, November, and December. Round interest payments to the nearest whole dollar

October

November

December

Cash receipts

$$22,000$

$$16,000$

$$23,000$

Cash disbursement

$$24,000$

$$15,000$

$$16,000$