The accountant for Adamss Dress Shop prepared the following cash budget. Adamss desires to maintain a cash cushion of $15,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 3 percent per month.

Required

A.Complete the cash budget by filling in the missing amounts.

B.Determine the amount of net cash flows from operating activities Adamss will report on the third-quarter pro forma statement of cash flows.

C. Determine the amount of net cash flows from financing activities Adamss will report on the third quarter pro forma statement of cash flows.

Req A Req B and C Complete the cash budget by filling in the missing amounts. (Any shortages or repayme sign. Round your answers to the nearest whole dollar amount.) July August September Cash Budget Section 1: Cash receipts Beginning cash balance Add cash receipts $ 43,000 $ 181,000 224,000 15,000 $ 201,000 216,000 15,000 241,600 256,600 Total cash available Section 2: Cash payments For inventory purchases 140,730 166,026 55,000 174,652 61,932 61,060 For S&A expenses For interest expense 0 361 395 221,026 202,151 236,979 Total budgeted disbursements Section 3: Financing activities Surplus (shortage) Borrowing (repayments) Ending cash balance 2,974 13,849 19,621 12,026 15,000 $ 1,151 15,000 $ (4,621) 15,000 $ Req A Req B and C Complete the cash budget by filling in the missing amounts. (Any shortages or repayme sign. Round your answers to the nearest whole dollar amount.) July August September Cash Budget Section 1: Cash receipts Beginning cash balance Add cash receipts $ 43,000 $ 181,000 224,000 15,000 $ 201,000 216,000 15,000 241,600 256,600 Total cash available Section 2: Cash payments For inventory purchases 140,730 166,026 55,000 174,652 61,932 61,060 For S&A expenses For interest expense 0 361 395 221,026 202,151 236,979 Total budgeted disbursements Section 3: Financing activities Surplus (shortage) Borrowing (repayments) Ending cash balance 2,974 13,849 19,621 12,026 15,000 $ 1,151 15,000 $ (4,621) 15,000 $