The accountant for Franklins Dress Shop prepared the following cash budget. Franklins desires to maintain a cash cushion of $21,000 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.

B) Determine the amount of net cash flows from operating activities Franklins will report on the third quarter pro forma statement of cash flows.

C) Determine the amount of net cash flows from financing activities Franklins will report on the third quarter pro forma statement of cash flows.

July Cash Budget Section 1: Cash receipts AugustSeptember Beginning cash balance Add cash receipts $ 46,000 187,000 207,000 233,000 247,600 Total cash available Section 2: Cash payments For inventory purchases For S&A expenses For interest expense 169,026 58,000 143,730 64,060 177,652 64,932 227,026 Total budgeted disbursements Section 3: Financing activities 5,974 15,026 $ 21,000 Surplus (shortage) Borrowing (repayments) 21,000$ 21,000 Ending cash balance Determine the amount of net cash flows from both operating and financing activities Franklin's will report on the third quarter pro forma statement of cash flos.d intermediaeions and final answers to the nerest whole ollar amount.) b. Net cash (operating activities) c. Net cash (financing activities)