Fill in the missing cells in the following cash budget. Explain the implications of the calculated net cash flows. Assume that the firm does not have a target cash balance. 1. Cash Budget JUNE 375 $295 JULY 345 $425 AUGUST 450 S535 ITEM Cash receipts - Cash disbursements = Net cash flow +Beginning cash = Ending cash 35 Suppose that this month a firm earned a net cash flow of $800. If monthly cash receipts equaled $1,200, how much were cash disbursements? 2. Answer quetion 2 ITEM Cash receipts -Cash disbursements SEPT OCT $900 $450 NOV $800 $300 Net cash flow + Beginning cash -Ending cash $200 $300 $235