Exercise 7-13A (Algo) Preparing a cash budget LO 7-5 The accountant for Stuart's Dress Shop prepared the following cash budget. Stuart's desires to maintain a cash cushion of $19.000 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 2 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 Stuart's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Stuart's will report on the third quarter pro forma statement of cash flows. Req A Req B and C Complete the cash budget by filling in the missing amounts. (Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) Cash Budget July August September Section 1: Cash receipts Beginning cash balance $ 50,000 Add cash receipts 195,000 215,000 255,600 Total cash available 245.000 Section 2: Cash payments For inventory purchases 173,026 147,730 181,652 For S&A expenses 62,000 68,060 68,932 For interest expense 0 Total budgeted disbursements 235,026 Section 3: Financing activities Surplus (shortage) 9.974 Borrowing (repayments) 9,026 $ 19,000 $ 19.000 $ Ending cash balance 19,000 Req A Req B and C Determine the amount of net cash flows from both operating and financing activities Stuart'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.) Net cash (operating activities) Net cash (financing activities)