The monthly cash budgets for the second quarter of 2019 follow ($000 omitted) for Forest Hills Mfg. Co. A minimum cash balance of $30,000 is required to start each month, and a $100,000 line of credit has been arranged with a local bank at a 8% interest rate.

Required:

Calculate the missing amounts. (Hint: The total cash available includes collections from customers for all three months, plus the beginning cash balance from April 1, 2019.)

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April May June Total $ 26 $ 26 Cash balance, beginning $? $? Add collections from customers 108 $ 94 $ ? Total cash available $166 S338 Less disbursements: Purchase of inventory $ 48 $? $60 $? Operating expenses 30 Capital additions 34 44 Payment of dividends $ 82 Total disbursements $? $108 $304 Excess (deficiency) of cash available $ 84 $(20) $? $? over disbursements Borrowings . Repayments (including interest) Cash balance, ending $ 30 $ 33 $? $? 00