Piano Man, Inc., has a 40-day average collection period and wants to maintain a minimum cash balance of $40 million, which is what the company currently has on hand. The company currently has a receivables balance of $197 million and has developed the following sales and cash disbursement budgets in millions:

Q1 Q2 Q3 Q4

Sales $ 450 $ 522 $ 603 $ 567

Total cash disbursement 335 466 720 466

Required: Complete the following cash budget for the company. (Do not round intermediate calculations. Negative amounts should be indicated by a minus sign. Enter your answers in millions of dollars. Round your answers to the nearest whole million dollar amount (e.g., 32).)

PIANO MAN, INC. Cash Budget (in millions)

Q1 Q2 Q3 Q4

Beginning receivables $__ $__ $__ $__

Sales 450 522 603 567

Cash collections ___ ___ ___ ___

Ending receivables $__ $__ $__ $__

Total cash collections $__ $__ $__ $__

Total cash disbursements 335 466 720 466

Net cash inflow $__ $__ $__ $__

Beginning cash balance $__ $__ $__ $__

Net cash inflow __ __ __ __

Ending cash balance $__ $__ $__ $__

Minimum cash balance $__ $__ $__ $__

Cumulative surplus (deficit) $__ $__ $__ $__