The accountant for Munozs Dress Shop prepared the following cash budget. Munozs 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

1. Complete the cash budget by filling in the missing amounts.

2. Determine the amount of net cash flows from operating activities Munozs will report on the third quarter pro forma statement of cash flows.

3. Determine the amount of net cash flows from financing activities Munozs 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. (Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.) July Cash Budget Section 1: Cash receipts August September $47,500 Beginning cash balance Add cash receipts 190,000 210,0 237,500 250,600 Total cash available Section 2: Cash payments For inventory purchases For S&A expenses For interest expense 170,526 145,230 179,152 59,500 65,560 66,432 230,026 Total budgeted disbursement:s Section 3: Financing activities Surplus (shortage) Borrowing (repayments) 7,474 16,526 Ending cash balance $ 24,000$ 24,000$ 24,000 Req AReq B and C Determine the amount of net cash flows from both operating and financing activities Munoz's will report on the third quarter pro forma statement of cash flows. (Round intermediate calculations and final answers to the nearest whole dollar amount.) Net cash (operating activities) Net cash financing activities)