7. 19 00 points value: The accountant for Erica's Dress Shop prepared the following cash budget. Erica's desires to maintain a cash cushion of $19,000 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 1 percent per month Required a. Complete the cash budget by filling in the missing amounts. (Any repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) Cash Budget July AugustSeptember Section 1: Cash receipts Beginning cash balance 45,000 Add cash receipts 85000 205,000 245,600 230,000 Total cash available Section 2: Cash payments For inventory For S&A expenses For interest expense purchases 68026 142.730 176,652 68,026 142,730 176,652 63,060 57,000 63,932 Total budgeted disbursements 225,026 Section 3: Financing activities Surplus (shortage) Borrowing (repayments) 4,974 14,026 19,000 19,000 19,000 Ending cash balance