A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $8,000 to start each quarter.

Required:

Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)

Quarter 1 (000 omitted)Quarter 2 (000 omitted)Quarter 3 (000 omitted)Quarter 4 (000 omitted)Year (000 omitted)Cash balance, beginning$9Add collections from customers99348Total cash available87Less disbursements:Purchase of inventory384830Selling and administrative expenses3030121Equipment purchases10101343Dividends2222Total disbursements90Excess (deficiency) of cash available over disbursements(2)16Financing:Borrowings14Repayments (including interest)*(17)Total financingCash balance, ending*Interest will total $1,000 for the year.