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 HT)of the amounts illegible. The budget with missing amounts indicated is provided below: Boone Company Cash Budget For the Quarter Ended March 31 January February March Section 1: Cash Receipts Beginning cash balance $ 7,500 (k) Add: Cash receipts (a) 187,500 255,000 Total cash available $ 262,500 (g) (1) S 127,500 (b) 37,500 Section 2: Cash Payments For inventory purchases For S&A expenses For asset purchases For interest expenses Total disbursements Section 3: Financing Activities Surplus (shortage) Borrowing (repayments) Ending cash balance $ 112,500 $ 118,500 67,500 69,000 37,500 37,500 04 S 217,500 $ 225,150 $ 240,000 (c) See 3 ACC 201: Fall 2020 Take-home - Due 12/3/2020 The company desires to maintain an ending cash balance of at least 57.500 each month. In any month in which there is eash shortage, the company's bank will extend it a loan equal to the shortage amount. The loun is assumed to have been made on the last day of the month. Any time the company has a ca surplus it must repay as much of any outstanding loans as possible. The bank churges monthly interest of 1% on any outstanding loun balance JOLLY LUR $ 7,500 187,500 (k) 255,000 (1) $ 262,500 Section 1: Cash Receipts Beginning cash balance Add: Cash receipts Total cash available Section 2: Cash Payments For inventory purchases For S&A expenses For asset purchases For interest expenses Total disbursements Section 3: Financing Activities Surplus (shortage) Borrowing (repayments) Ending cash balance $ 127,500 (b) 37,500 0 $ 240,000 $ 112,500 67,500 37,500 0 $ 217,500 $ 118,500 69,000 37,500 $ 225,150 es (0) (0) (p) 3 ACC 201: Fall 2020 Take-home-Due 12/3/2020 The company desires to maintain an ending cash balance of at least $7,500 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)- 262,500-7500-S255,000 (b)- 240,000-127.500 37.500-75.000