The accountant for Erica's Dress Shop prepared the following cash budget. Erica's desires to maintain a cash cushion of $20,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged atthe rate of 3 percent per month. Required a. Complete the cash budget by filling in the missing amounts. (Any repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) July August September Cash Budget Section 1: Cash receipts Beginning cash balance 50,500 196,000 216.000 256.600 Add cash receipts 246,500 Total cash available Section 2: Cash payments 173,526 148,230 182,152 For inventory purchases 62,500 68.560 69.432 For S&A expenses 0 For interest expense Total budgeted disbursements 236,026 Section 3: Financing activities 10,474 Surplus (shortage) 9,526 Borrowing (repayments) S 20,000 20,000 20,000 Ending cash balance