The accountant for Franklin's Dress Shop prepared the following cash budget. Franklin's desires to maintain a cash balance 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 Franklin's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Franklin's will report on the third quarter pro forma statement of cash flows. Req A Req B and C Complete the cash budget by filling in the missing amounts. Note: Any shortages or repayments should be indicated with a minus sign. Round y amount. Cash Budget July August September Section 1: Cash receipts Beginning cash balance $ 46,000 Add cash receipts 187,000 207,000 247,600 Total cash available 233,000 Section 2: Cash payments For inventory purchases 169,026 143,730 177,652 For S&A expenses 58,000 64,060 64,932 For interest expense 0 Total budgeted disbursements 227,026 Section 3: Financing activities Surplus (shortage) Borrowing (repayments) Ending cash balance 5,974 15,026 $ 21,000 $ 21,000 $ 21,000 < Req A Req B and C Req A Req B and C 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 flows. Note: Round intermediate calculations and final answers to the nearest whole dollar amount. Net cash (operating activities) Net cash (financing activities) < Req A Req B and C >