737 The excellent BGSU accountant for Fanning's Dress Shop prepared the following cash budget. Fanning's desires to maintain a cash cushion of $19,000 at the end of each month. Any loan funding is 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. b. Determine the amount of net cash flows from operating activities Fanning's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Fanning's will report on the third quarter pro forma statement of cash flows. Req A Req B and C Complete the cash budget by filling in the missing amounts. (Any shortages or repayments should be indicated with sign. Round your answers to the nearest whole dollar amount.) 7:15 Cash Budget July August September Section 1: Cash receipts Beginning cash balance $ 45,000 Add cash receipts 185,000 205,000 245,600 Total cash available 230,000 Section 2: Cash payments For inventory purchases 168,026 142,730 176,652 For S&A expenses 57,000 63,060 63,932 For interest expense 0 Total budgeted disbursements 225,026 Section 3: Financing activities Surplus (shortage) 4,974 Borrowing (repayments) 14,026 Ending cash balance $ 19,000 $ 19,000 $ 19,000 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 Fanning'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)