4. A management accountant was working on a cash budget for Boone Company when he hecidentally 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. Boone Company Cash Budget For the Quarter Ended March 31 Section 1: Cash Receipts January February March Beginning cash balance s 6,000 (1) Add Cash receipts (k) (a) 187,000 255,000 Total cash available $ 260,000 (B) (1) Section 2: Cash Payments For inventory purchases $ 127,000 $ 113,000 $ 118,500 For S&A expenses (b) 67,000 69,000 For asset purchases 37,000 37,000 For interest expenses 37,000 0 0 Total disbursements $ 240,000 $ 217,000 $ 225,170 Section 3: Financing Activities Surplus (shortage) (c) (h) (n) Borrowing (repayments) (d) (0) (0) Ending cash balance (e) (p) The company desires to maintain an ending cash balance of at least $7.000 cach 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) s 254000 (i) S (b) $ 0) S (c) S (k) S (d) $ (1) S (e)s (m) s (1) s (n) S (g) s (0) $ (h) $ (P) $ 3 ACC 201: Spring 2021