Chang Company has budgeted the following cash flows: Chang had an $18,000 cash balance on April 1. The company desires a $30,000 cash cushion before paying interest. Funds are assumed to e borrowed, in increments of $1,000, and repaid on the last day of each month: the interest rate is 1.50 percent per month. Chang also pays its vendors on the last day of the month. Required Prepare a cash budget.