4. A management accountant was working on a cash budget for Boone Company when he accidentally spilled his coffee. Some of the liquid splattered on his working papers, rendering a few of the amounts illegible. The budget with missing amounts indicated is provided below: Section 1: Cash Receipts Beginning cash balance Add: Cash receipts Total cash available Section 2: Cash Payments For inventory purchases For S&A expenses Boone Company Cash Budget For the Quarter Ended March 31 January February March $ 6,000 (a) (f) (k) 187,000 250,000 $ 260,000 (g) (1) $ 127,000 $ 113,000 $ 118,500 (b) 37,000 67,000 37,000 69,000 37,000 For interest expenses 0 0 (m) Total disbursements $ 240,000 $ 217,000 $ 225,170 Section 3: Financing Activities Surplus (shortage) Borrowing (repayments) Ending cash balance (i) (c) (h) (n) (0) (p) 306 For asset purchases The company desires to maintain an ending cash balance of at least $7,000 each month. In any month in which there is cash shortage, the company's bank will extend it a loan equal to the shortage amount. The loan is assumed to have been made on the last day of the month. Any time the company has a cash surplus it must repay as much of any outstanding loans as possible. The bank charges monthly interest of 1% on any outstanding loan balance. Required: Compute the missing amounts for items (a) through (p) (show work) (a) $ (i) $ (b) $ (i) $ (c) $ (k) $ (d) $ (1) $ (e) $ (m) $ (f) $ (n) $ (g) $ (0) $ (h) $ (p) $