Exercise 14-13 Preparing a cash budget LO 14-5 The accountant for Rooneys Dress Shop prepared the following cash budget. Rooneys desires to maintain a cash cushion of $17,000 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 3 percent per month. Required Complete the cash budget by filling in the missing amounts. Determine the amount of net cash flows from operating activities Rooneys will report on the third quarter pro forma statement of cash flows. Determine the amount of net cash flows from financing activities Rooneys will report on the third quarter pro forma statement of cash flows.

Cash Budget	July	August	September
Section 1: Cash receipts
Beginning cash balance	$49,000	$17,000	$17,000
Add cash receipts	193,000	213,000	253,600
Total cash available	242,000	230,000	270,600
Section 2: Cash payments
For inventory purchases	172,026	146,730	180,652
For S&A expenses	61,000	67,060	67,932
For interest expense	0
Total budgeted disbursements	233,026
Section 3: Financing activities
Surplus (shortage)	8,974
Borrowing (repayments)	8,026
Ending cash balance	$17,000	$17,000	$17,000

Determine the amount of net cash flows from both operating and financing activities Rooney'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.)

b.	Net cash (operating activities)
c.	Net cash (financing activities)