Question 28 4.7 pts A partially completed cash budget for the first two quarters for ABC Company is given below: Quarter 1 $ 16,000 Quarter 2 $ 70,000 Cash balance, beginning Add: collections from customers Total cash receipts Cash disbunements for: purchases of inventory operating expenses equipment purchases Total cash disbursements Excesu (deficiency) Financing Barrowings repayments (including interest) Cash balance, ending $ 31,000 35,000 10.000 $ 76,000 s.2000 $ 27,000 20.000 2 $ 17,000 0 2 $ 10,000 The cash disbursed for purchases of inventory during the second quarter is: $21,000 $55,000 $13,000 $9,000 $5,000