Piano Man, Inc., has a 50-day average collection period and wants to maintain a minimum cash balance of $35 million, which is what the company currently has on hand. The company currently has a receivables balance of $189 million and has developed the following sales and cash disbursement budgets in millions:

	Q1				Q2				Q3				Q4
Sales		$	378			$	450			$	531			$	495
Total cash disbursement			268				390				617				412

Required:

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

PIANO MAN, INC. Cash Budget (in millions)
	Q1	Q2	Q3	Q4
Beginning receivables	$	$	$	$
Sales	378	450	531	495
Cash collections
Ending receivables	$	$	$	$
Total cash collections	$	$	$	$
Total cash disbursements	268	390	617	412
Net cash inflow	$	$	$	$
Beginning cash balance	$	$	$	$
Net cash inflow
Ending cash balance	$	$	$	$
Minimum cash balance	$	$	$	$
Cumulative surplus (deficit)	$	$	$	$