https- Help 518.000 $461.500 413.000 Janoary 354,500 According to a credit agreement with the company's bank, Kayak promises to have a minimum cash balance of $30,000 at each month-endin return, the bank has agreed that the company can borrow up to $160,000 at a monthly interest rate of 1%, paid on the last day of each month. The interest is computed based on the beginning balance of the loan for the month. The company repays loan principal with any cash in excess of $30,000 on the last day of each month. The company has a cash balance of $30,000 and a loar balance of $60,000 at January 1 Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign Cash Budget For January. February, and March Beginning cash balance 30,000 $ 30,000 Total cash available 48,000 461,500 Preliminary cash balance Additional loan (loan Ending cash balance Loan balance-Beginning of monthS Adaitional loan (oan ropayment) Loan balance-End of month 60,000 Prey 3 of 15 Next