The accountant for Finchs Dress Shop prepared the following cash budget. Finchs 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 at the rate of 2 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 Finch's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Finch's will report on the third quarter pro forma statement of cash flows. Complete this question by entering your answers in the tabs below 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 July AugustSeptember Section 1: Cash receipts $ 45,500 20,00020,000 Beginning cash balance Add cash receipts 186,000 206,000 246,600 231,500226,000 266,600 Total cash available Section 2: Cash payments For inventory purchases 168,526 143,230 17 177,152 For S&A expenses 57,500 63,560 64,432 For interest expense 291 226,026 Total budgeted disbursements Section 3: Financing activities Surplus (shortage) 5,474 14,526 Borrowing (repayments) $ 20,000 20,000 20,000 Ending cash balance