This question is giving me issues. I cant seem to narrow down the numbers.

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 rst three months of next year. Cash Cash Receipts payments January $519. 000 $460. 300 February 406,500 347, 000 March 452, 000 525, 000 According to a credit agreement with its bank. Kayak requires a minimum cash balance ot $40,000 at each month-end. In return1 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 $40,000 on the last day of each month. The company has a cash balance of $40,000 and a loan balance of $30,000 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.) Beginning cash balance $ 40,000 $ 40,000- Total cash available 550,000 445,500 _ Cash payments 400,300 347,000 520,000 __ ___ ___ ___ Loan balance - Beginning at month Additional loan {loan repayment) Loan balance End of month