Company has estimated sales (in millions) for the next four quarters as follows:

Q1 Q2 Q3 Q4 Sales 150 180 245 280

Sales for the first quarter of the year after this one are projected at 340 million. Accounts receivable at the beginning of the year were 70 million. Company has a 30-day collection period.

Purchases from suppliers in a quarter are equal to 45 percent of the next quarters forecast sales, and suppliers are normally paid in 36 days. Wages, taxes, and other expenses run about 25 percent of sales. Interest and dividends are 40 million per quarter.

Company plans a major capital outlay in the second quarter of 80 million. Finally, the company started the year with a 64 million cash balance and wishes to maintain a 35 million minimum balance.

Q.1 What is Ending Short term debt of the company in 2nd quarter

Q.2 What is cumulative Surplus (Deficit) of the company in 3rd quarter