The accountant for Ericas Dress Shop prepared the following cash budget. Ericas desires to maintain a cash cushion of $17,000 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 2 percent per month.

Cash Budget July August September

Section 1: Cash receipts Beginning cash balance $44,000

Add cash receipts 183,000 203,000 243,600

Total cash available 227,000

Section 2: Cash payments

For inventory purchases 167,0261 41,730 175,652

For S&A expenses 56,000 62,060 62,932

For interest expense 0

Total budgeted disbursements 223,026

Section 3: Financing activities

Surplus (shortage) 3,974

Borrowing (repayments) 13,026

Ending cash balance $17,000 $17,000 $17,000

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.)

b.

Determine the amount of net cash flows from operating activities Ericas will report on the third quarter pro forma statement of cash flows. (Enter any cash outflows with a minus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.)

c.	Determine the amount of net cash flows from financing activities Ericas will report on the third quarter pro forma statement of cash flows. (Enter any cash outflows with a minus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.)