Exercise $7-13$A $($Algo$)$ Preparing a cash budget LO $7-5$

The accountant for Baird's Dress Shop prepared the following cash budget. Baird's desires to maintain a cash balance

of $$24,000$ 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 $1$ 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 Baird's will report on the third quarter pro forma

statement of cash flows.

c$.$ Determine the amount of net cash flows from financing activities Baird's will report on the third quarter pro forma

statement of cash flows.

Complete this question by entering your answers in the tabs below.

and $C$

Complete the cash budget by filling in the missing amounts.

Note: Any shortages or repayments should be indicated with a minus sign. Round your

answers to the nearest whole dollar amount.