Exercise 8-11 (Algo) Cash Budget Analysis [LO8-8] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $3,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) 1 Quarter (000 omitted) 2 3 (000 omitted) Year Cash balance, beginning $ 8 $ 3 Add collections from customers 84 120 420 Total cash available 92 109 123 Less disbursements: Purchase of inventory 53 63 54 29 Selling and administrative expenses 28 45 30 127 Equipment purchases 8 9 28 55 Dividends 2 2 2 2 Total disbursements 91 119 114 Excess (deficiency) of cash available over disbursements (1) (10) 9 Financing: Borrowings 5 13 Repayments (including interest) * 0 0 (12) Total financing 13 Cash balance, ending $ 3 *Interest will total $1,000 for the year