A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) (000 omitted) Quarter (000 omitted) 2 3 4 Year $ 6 96 323 71 35 35 30 30 113 36 N60 GA 8 10 2 Cash balance, beginning Add collections from customers Total cash available Less disbursements: Purchase of inventory Selling and administrative expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments (including interest) Total financing Cash balance, ending *Interest will total $1,000 for the year 2 85 (2) 11 15 (17) The cash budget is composed of four main sections: 1. The cash receipts section 2. The cash disbursements section. 3. The cash excess or deficiency section 4. The financing section The receipts section lists all of the cash inflows, except from financing, expected during the budget period. Generally, the major source of receipts is from sales. The disbursements section summarizes all cash payments that are planned for the budget period. These payments include raw materials purchases, direct labor payments, manufacturing overhead costs, and so on, as contained in their respective budgets. In addition, other cash disbursements such as equipment purchases and dividends are listed The cash excess or deficiency section is computed as follows: Beginning cash balance XXX Add cash receipts XXX Total cash available XXX Less cash disbursements XXX Excess (deficiency) of cash available over disbursements XXX If a cash deficiency exists during any budget period or if there is a cash excess during any budget period that is less than the Parte 372 minimum required cash balance, the company will need to borrow money. Conversely, if there is a cash excess during any budget period that is greater than the minimum required cash balance, the company can invest the excess funds or repay principal and interest to lenders