The accountant for Bairds Dress Shop prepared the following cash budget. Bairds desires to maintain a cash cushion of $16,000 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 1 percent per month.

Required

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

2. Determine the amount of net cash flows from operating activities Bairds will report on the third quarter pro forma statement of cash flows.

3. Determine the amount of net cash flows from financing activities Bairds 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.) Cash Budget September July August Section 1: Cash receipts 43,500 Beginning cash balance Add cash receipts 182,000 242,600 202,000 225,500 Total cash available Section 2: Cash payments For inventory purchases 141,230 166,526 175,152 For S&A expenses 61,560 55,500 62,432 For interest expense 222,026 Total budgeted disbursements Section 3: Financing activities Surplus (shortage) 3,474 Borrowing (repayments) 12,526 $ 16,000 $ 16,000 $ 16,000 Ending cash balance Req A Req B and C Determine the amount of net cash flows from both operating and financing activities Baird's will report on the third quarter pro forma statement of cash flows. (Round intermediate calculations and final answers to the nearest whole dollar amount.) b. Net cash (operating activities) Net cash (financing activities) C