which of the following statements is true?

1. the income statement allows cash shortfalls and cash surpluses to be predicted

2. cash budgeting is not required for not-for-profit sectors

3. accuracy is required when preparing budgets

4. cash budgets are not part of financial budgets

5. the balance sheet budget is prepared after the preparation of the cash budget

** sidenote under less disturbance there are 5 rows that need to be filled out, dividends paid is what i put in, but the other options are borrowings, cash balance ending, cash balance beginning, dividends paid, equipment, interest, operating expenses, payments to suppliers for merchandise and repayments. It has to be filled out as it says leave no spaces blank (at least do 0) ****

The controller of Optimum wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021: *Dividends are payable to shareholders of record on declaration date, 30 days after declaration. Required: 1. Prepare a cash budget for the month ending July 31,2021 , indicating how much, if anything, Optimum will need to borrow to meet its minimum cash requirement. (Leave no cells blank - enter "O" wherever required)