The accountant for Thornton's Dress Shop prepared the following cash budget. Thornton's desires to maintain a cash balance of $20,000 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 Thornton's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Thornton's will report on the third quarter pro forma statement of cash flows. Complete this question by entering your answers in the tabs below. Req A Req B and C Complete the cash budget by filling in the missing amounts. Note: 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 $ Add cash receipts Total cash available 50,500 196,000 246,500 216,000 256,600 Section 2: Cash payments For inventory purchases 173,526 148,230 182,152 For S&A expenses 62,500 68,560 69,432 For interest expense 0 Total budgeted disbursements 236,026 Section 3: Financing activities Surplus (shortage) 10,474 Borrowing (repayments) 9,526 Ending cash balance $ 20,000 $ 20,000 $ 20,000 < Req A Req B and C >