The accountant for Rundles Dress Shop prepared the following cash budget. Rundles desires to maintain a cash cushion of $16,000 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 2 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 Rundles will report on the third quarter pro forma statement of cash flows.

3. Determine the amount of net cash flows from financing activities Rundles will report on the third quarter pro forma statement of cash flows.

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	July	August	September
Section 1: Cash receipts
Beginning cash balance	$48,500
Add cash receipts	192,000	212,000	252,600
Total cash available	240,500
Section 2: Cash payments
For inventory purchases	171,526	146,230	180,152
For S&A expenses	60,500	66,560	67,432
For interest expense	0
Total budgeted disbursements	232,026
Section 3: Financing activities
Surplus (shortage)	8,474
Borrowing (repayments)	7,526
Ending cash balance	$16,000	$16,000	$16,000

Determine the amount of net cash flows from both operating and financing activities Rundle'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.)

b.	Net cash (operating activities)
c.	Net cash (financing activities)