Exercise 7-13A Preparing a cash budget LO 7-5 The accountant for Jean's Dress Shop prepared the following cash budget. Jean's desires to maintain a cash cushion of $10,000 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 Jean's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Jean'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 Section 1: Cash receipts July August September Beginning cash balance Add cash receipts $ 25,000 90,000100,000 115,000 120,300 Total cash available Section 2: Cash payments For inventory purchases For S&A expenses For interest expense 87,076 30,716 82,750 70,115 27,250 30,280 110,000 Total budgeted disbursements Section 3: Financing activities Surplus (shortage) Borrowing (repayments) 5,000 5,000 Ending cash balance $ 10,000$ 10,000 $ 10,000 Req AReq B and C Determine the amount of net cash flows from both operating and financing activities Jean'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 outflow Net cash (financing activities) inflow Req A Req B and C