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Julia Beecher, chief financial officer of Keller Wireless, is responsible for the company's budgeting process. Beecher's staff is preparing the Keller Wireless cash budget for

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Julia Beecher, chief financial officer of Keller Wireless, is responsible for the company's budgeting process. Beecher's staff is preparing the Keller Wireless cash budget for 2017. A key input to the budgeting process is last year's statement of cash flows, which follows (amounts in thousands): Prepare the Keller Wireless cash budget for 2017. Date the budget simply "2017, " and denote the beginning and ending cash balances as "beginning" and "ending." Assume the company expects 2017 to be the same as 2016, but with the following changes: In 2017, the company expects a 14% increase in collections from customers and a 20% increase in cash payments for inventory. There will be no sales of investments in 2017. Keller Wireless plans to issue no stock in 2017. Keller Wireless plans to end the year with a cash balance of $3, 500 (thousand)

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