Question: I'm not sure if I'm doing this right. Please help Karim Corporation requires a minimum $10,000 cash balance. Loans taken to meet this requirement cost

I'm not sure if I'm doing this right. Please help

Karim Corporation requires a minimum $10,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid the end of each month). Any preliminary cash balance above $10,000 is used to repay loans at month-end. The cash balance on July is $10,400, 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. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar.)

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