The accountant for Lori's Dress Shop prepared the following cash budget. Lori's desires to maintain a cash cushion of $14,000 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
a. Complete the cash budget by filling in the missing amounts. Round all computations to the nearest whole dollar.
b. Determine the amount of net cash flows from operating activities Lori's will report on the third quarter pro forma statement of cash flows.
c. Determine the amount of net cash flows from financing activities Lori's will report on the third quarter pro forma statement of cashflows.

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Cash Budget July August September Section 1: Cash receipts Beginning cash balance Add cash receipts S 43,000 S? 183000 196,000 240200 Total cash available (a) Section 2 Cash payments 226,000 163,646 For inventory purchases For S&A expenses For interest expense 139,900 62,060 172,474 61,536 54,000 Total budgeted disbursements (b) 217646 8,354 Section 3: Financing activities Surplus (shortage) Borrowing (repayments) (c) 5,646 Ending cash balance (a b C) S 14,000 14,000 S 14,000