The accountant for Solomon's Dress Shop prepared the following cash budget. Solomon's desires to maintain a cash cushion of $18,000 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 Solomon's will report on the third quarter pro forma statement of cash flows c. Determine the amount of net cash flows from financing activities Solomon's will report on the third quarter pro forma statement of cash flows. Complete this question by entering your answers in the tabs below. Reg A Reg B and C ances Determine the amount of net cash flows from both operating and financing activities Solomon'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) ( Req A 3 points The accountant for Solomon's Dress Shop prepared the following cash budget. Solomon's desires to maintain a cash cushion $18,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is cha 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 Solomon's will report on the third quarter pro forma stateme cash flows. c. Determine the amount of net cash flows from financing activities Solomon's will report on the third quarter pro forma statemer cash flows. eBook Hint Complete this question by entering your answers in the tabs below. Print 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.) References July August September $ 49,500 $ 18,000 $ 18,000 194,000 214,000 254,600 243,500 232,000 272,600 Cash Budget Section 1: Cash receipts Beginning cash balance Add cash receipts Total cash available Section 2: Cash payments For inventory purchases For S&A expenses For interest expense Total budgeted disbursements Section 3: Financing activities Surplus (shortage) Borrowing (repayments) Ending cash balance 172,526 61,500 0 234,026 147.230 67,560 85 214,875 181,152 68.432 94 249,678 9.474 17.125 22.922 8,526 4,922 $ 18,000 $ 18.000 $ 18,000 875 ME