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 $8,000 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.) X Answer is complete but not entirely correct. Quarter (000 omitted) (000 omitted) Year 2 3 4 Cash balance, beginning $ 9 $ 4 X $ 4 x $ 4 x $ 9 Add collections from customers 61 84 103 99 347 Total cash available 70 88 X 107 X 103 X 356 Less disbursements: 42 52 44 x > 34 172 x Purchase of inventory Selling and administrative expenses Equipment purchases 20 32 30 21 103 14 8 17 10 49 Dividends 2 2 2 2 8 78 94 93 x 67 332 x (8) (6) X 14 36 x 24 X 12 x 10 0 0 22 X Total disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments (including interest) * Total financing Cash balance, ending *Interest will total $1,000 for the year. 0 0 (21) (31) X (10) X (10) X 12 x 10 (21) (9) X 15 X $ 4 X $ 4 x S 4 x $ 15 x $