The accountant for Erica's Dress Shop prepared the following cash budget. Erica's desires to maintain a cash cushion of $24,000 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. (Any repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) July Cash Budget August September Section 1: Cash receipts Beginning cash balance 47,500 190,000 210,000 260,600 Add cash receipts 237,500 Total cash available Section 2: Cash payments 170,526 145,230 179,152 For inventory purchases 59,500 65,560 66,432 For S&A expenses 0 For interest expense Total budgeted disbursements 230,026 Section 3: Financing activities Surplus (shortage) 7,474 Borrowing (repayments) 16,526 S 24,000 24,000 24,000 Ending cash balance