Exercise 8-11 (Static) 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 $5,000 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.) Answer is not complete. Quarter (000 omitted) (000 omitted) Year 1 2 3 4 $ 6 $ 4 X $ 4 X $ 4 x Cash balance, beginning Add collections from customers Total cash available 65 70 96 92 323 71 74 X 100 x 96 X 329 Less disbursements: Purchase of inventory 35 45 47 x 35 162 X Selling and administrative expenses 28 30 30 25 113 Equipment purchases 8 8 10 10 36 Dividends 2 2 2 2 8 73 85 89 X 72 319 X (2) (11) 11 24 X 10 X 6 X 15 0 0 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 (7) X 6 X 21 x (24) X (3) X 7 X 15 XOO (17) (17) 7X $ (7) X $ 4 X $ 4 $ x $