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

Complete the cash budget by filling in the missing amounts.

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

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

Req A Req Band 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 August September DOK $ 49,500 194,000 243,500 214,000 254,600 int rences 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 147,230 67,560 181,152 68.432 172,526 61,500 0 234,026 9,474 8,526 $ 18,000 $ 18,000 $ 18,000 1 Complete this question by entering your answers in the tabs below. Req A Reg B and C nts 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.) eBook Hint b. Net cash (operating activities) Net cash (financing activities) + Print References