Fin the 10 high blanks in this Statement of Cash Flows Assume at new borrowing is current. Assume payments to new debt are in even $100 units, paying off the oldest debt first. Assume payments to new debt are made at the start of the quarter so you do not have intent that quarter. The interest rate is 5% per quarter. You want an ending cash balance each quarter within 3960-1050 Account Beginning Total Cash Balance Operating Receipts Livestock product sales Capital Receipts Breeding Livestock sales 12000 McGraw Farm Jan. 1, 2008- Dec. 31, 2008 Quarter 1 Statement of Cash Flows Quarter 2 Quarter 3 14400 7300 Quarter 4 965 48000 12000 12000 12000 12000 1000 1000 Nonfarm Income Investments and rents 14400 3600 3600 3600 3600 Total Cash Inflow 98065 28600 30000 22900 16565 Operating Expenses Wages Salaries, Benefits Feed purchases Other 18000 4500 4500 4500 4500 6000 3000 3000 livestock expenses 4800 1200 1200 1200 1200 Supplies 500 500 Total operating expenses 29300 9200 5700 5700 8700 Capital Expenses Breeding livestock 2000 2000 Other Expenses Family aving expenses Scheduled Debt Payments Current debt principal Current debt interest 0 Noncurrent debt principal 30000 5000 5000 5000 5000 interest 20000 20000 Total Cash Outflow 101300 14200 62700 10700 13700 Cash Available -3235 14400 -32700 2865 New Borrowing Current Noncurrent Total New Borrowing Payments to New Debt 40000 0 40000 Principal 12400 Interest Total New Debt Payments 705 13105 Ending Cash Balance Summary of Debt Outstanding 10700 535 11235 14400 7300 965 995 Current 10000 10000 50000 39300 Noncurrent 300000 205000 175000 175000 175000 Total debt outstanding 310000 215000 225000 214300