Sale of Securities 6000 Notes Receivable 15000 Total Receipts 341000 378000 Total Available Cash 401000 429000 Less Disbursements Direct Materials 112000 123000 Direct Labor 90000 100000 Manufacturing Overhead 70000 75000 Selling and Administrative Expenses 78000 84000 Cash Dividend 6000 Total Disbursements 350000 388000 Excess (Deficiency) of Available Cash Over Cash Disbursements 51000 41000 Financing Add Borrowings 9000 Less Repayments Ending Cash Balance $ 51000 50000