IMPORTANT: Show calculations for support. It is my second time submitting this question. The first time, I received back the problem with all the red x's incorrect.

Kayak Co. budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. 0.83 points January February March Cash Receipts $527,000 407,500 466,000 Cash payments $471,600 352,100 534,000 According to a credit agreement with its bank, Kayak requires a minimum cash balance of $50,000 at each month-end. In 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 $50,000 on the last day of each month. The company has a cash balance of $50,000 and a loan balance of $100,000 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.) Answer is complete but not entirely correct. KAYAK COMPANY March 54,944 X 466,000 520,944 534,000 Cash Budget For January, February, and March January February Beginning cash balance $ 50,000 $ 50,000 $ Cash receipts 527,000 407,500 Total cash available 577,000 457,500 Cash payments 471,600 352,100 Interest expense 1,000 456 Preliminary cash balance 104,400 100,544 Additional loan (loan repayment) (54,400) (45,600) Ending cash balance $ 50,000 $ 54,944 $ Loan balance Loan balance - Beginning of month $ 100,000 $ 45,600 $ Additional loan (loan repayment) (54,400) (45,600) Loan balance - End of month $ 45,600S 0 (13,056) X 63,056 X 50,000 0 63,056 0