15 Check my work The accountant for Zachary's Dress Shop prepared the following cash budget. Zachary's desires to maintain a cash cushion of $23,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 3 percent per month. Required a. Complete the cash budget by filling in the missing amounts. b. Determine the amount of net cash flows from operating activities Zachary's will report on the third quarter pro forma statement of cash flows c. Determine the amount of net cash flows from financing activities Zachary's will report on the third quarter pro forma statement of cash flows. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the cash budget by filling in the missing amounts. (Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) Cash Budget July August September Section 1: Cash receipts Req A and C Req Complete the cash budget by filling in the missing amounts. (Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) Cash Budget July August September Section 1: Cash receipts $ 52,000 23,000 $ 23,000 Beginning cash balance Add cash receipts 199,000 219,000 259,600 242,000 251,000 282,600 Total cash available Section 2: Cash payments For inventory purchases 175,026 149,730 183,652 For S&A expenses 64,000 70,060 70,932 For interest expense 0 Total budgeted disbursements 239,026 Section 3: Financing activities Surplus (shortage) 11,974 Borrowing (repayments) 11,026 23,000 $ 23,000 23,000 Ending cash balance Req A Req B and C Check my work Complete this question by entering your answers in the tabs below. Req A Req B and C Determine the amount of net cash flows from both operating and financing activities Zachary's will report on the third quarter pro forma statement of cash flows. (Round intermediate calculations and final answers to the nearest whole dollar amount.) Net cash (operating activities) Net cash (financing activities) Req A Req B and C>