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 repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) July Cash Budget Section 1: Cash receipts AugustSeptember $ 43,000 Beginning cash balance Add cash receipts 81,000201,000 224,000 241,600 Total cash available Section 2: Cash payments For inventory purchases For S&A expenses For interest expense 166,026 55,000 140,730 61,060 174,652 61,932 221,026 Total budgeted disbursements Section 3: Financing activitie:s Surplus (shortage) Borrowing (repayments) 2,974 12,026 Ending cash balane $ 15,000$ 15,000$ 15,000