Heidi Jackson, the chief financial officer, is responsible for The Steel Center's cash budget for 20X6....

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Heidi Jackson, the chief financial officer, is responsible for The Steel Center's cash budget for 20X6. The budget will help Jackson determine the amount of long-term borrowing needed to end the year with a cash balance of $630,000. Jackson's assistants have assembled budget data for 20X6, which the computer printed in alphabetical order. Not all the data items reproduced below are used in preparing the cash budget. (Click the icon to view the assembled budget data for 20X6.) Read the requirements. Requirement 1. Prepare the cash budget of The Steel Center, Inc. (Enter amounts in thousands. Use parentheses or a minus sign for cash or financing needed amounts. Include the first value as well as the budgeted cash receipts in the first subtotal calculation.) (In thousands) Steel Center, Inc. Cash Budget Year Ended December 31, 20X6 Data table (Assumed Data) Actual cash balance, December 31, 20X5.. Budgeted total assets. Budgeted total current assets (In thousands) $ 135 22,477 7,576 Budgeted total current liabilities. 4,960 Budgeted total liabilities.. 11,588 Budgeted total shareholders' equity.. 10,889 Collections from customers. 21,600 Dividend payments. 152 Issuance of shares. 657 Net income... 1,173 Payment of long-term and short-term debt 1,030 Payment of operating expenses.. 2,049 Purchase of inventory items.. 14,045 Purchase of property and equipment. 1,598 Print Done - Heidi Jackson, the chief financial officer, is responsible for The Steel Center's cash budget for 20X6. The budget will help Jackson determine the amount of long-term borrowing needed to end the year with a cash balance of $630,000. Jackson's assistants have assembled budget data for 20X6, which the computer printed in alphabetical order. Not all the data items reproduced below are used in preparing the cash budget. (Click the icon to view the assembled budget data for 20X6.) Read the requirements. Requirement 1. Prepare the cash budget of The Steel Center, Inc. (Enter amounts in thousands. Use parentheses or a minus sign for cash or financing needed amounts. Include the first value as well as the budgeted cash receipts in the first subtotal calculation.) (In thousands) Steel Center, Inc. Cash Budget Year Ended December 31, 20X6 Data table (Assumed Data) Actual cash balance, December 31, 20X5.. Budgeted total assets. Budgeted total current assets (In thousands) $ 135 22,477 7,576 Budgeted total current liabilities. 4,960 Budgeted total liabilities.. 11,588 Budgeted total shareholders' equity.. 10,889 Collections from customers. 21,600 Dividend payments. 152 Issuance of shares. 657 Net income... 1,173 Payment of long-term and short-term debt 1,030 Payment of operating expenses.. 2,049 Purchase of inventory items.. 14,045 Purchase of property and equipment. 1,598 Print Done -