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The accountant for Gibson's Dress Shop prepared the following cash budget. Gibson's desires to maintain a cash cushion of $22,000 at the end of each

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The accountant for Gibson's Dress Shop prepared the following cash budget. Gibson's desires to maintain a cash cushion of $22,000 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 1 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 Gibson's will report on the third quarter pro forma statement of cash flows c. Determine the amount of net cash flows from financing activities Gibson'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 Section 1: Cash receipts July August September Beginning cash balance Add cash receipts s 46.500 188 000 208 000248 600 Prey 5of6 Next 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 sign. Round your answers to the nearest whole dollar amount.) ash Budget ection 1: Cash receipts July August September S 46,500 Beginning cash balance Add cash receipts 88,000208,000 248,600 234,500 Total cash available Section 2: Cash payments For inventory purchases For S&A expenses For interest expense 169,526 144,230 178,152 64,560 58,500 64 65,432 0 228,026 Total budgeted Section 3 Financing activities disbursements Surplus (shortage) Borrowing (repayments) 6,474 15,526 22,000 22,000 22,000 Ending cash balance Req B and C Req A Req B and C Determine the amount of net cash flows from both operating and financing activities Gibson's will report on pro forma statement of cash flows. (Round intermediate calculations and final answers to the nearest whole . Net cash (operating activities) Net cash (financing activities) K Req A

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