The accountant for Munoz's Dress Shop prepared the following cash budget. Munoz's 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 a. Complete the cash budget by filling in the missing amounts. b. Determine the amount of net cash flows from operating activities Munoz's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Munoz's will report on the third quarter pro forma statement of cash flows. D July August September 2C I IN 210,000 190,000 237,500 250,600 Cash Budget Section 1: Cash re Beginning cash bala Add cash receipts Total cash available Section 2: Cash payments For inventory purcha For S&A expenses For interest expense Total budgeted disbursement Section 3: Financing activitie Surplus (shortage) Borrowing (repayme Ending cash balance 179,152 INT TOO INI CO ATTI OO O O ON ALL INFIT E NONOOD ONO INI OLISI O O OOO 59,500 65,560 66,432 UNO TILL OTO IONINO- T LOW 7,474 [ 16,526 ID 3 $ 24,000 $ NI 24,000 $ 24,000 Req A Req B and C Determine the amount of net cash flows from both operating and financing activities Munoz's w pro forma statement of cash flows. (Round intermedjate calculations and final answers to the n b. Net cash (operating activities) c. Net cash (financing activities) a