The accountant for Jeans Dress Shop prepared the following cash budget. Jeans desires to maintain a cash cushion of $10,000 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 Jeans will report on the third quarter pro forma statement of cash flows.

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

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.) July Cash Budget Section 1: Cash receipts August September Beginning cash balance Add cash receipts 25,000 90,000100,000 115,000 120,300 Total cash available Section 2: Cash payments 87,076 30,716 82,750 70,115 For inventory purchases For S&A expenses For interest expense 27,25030,280 110,000 Total budgeted disbursements Section 3: Financing activities Surplus (shortage) Borrowing (repayments) 5,000 5,000 Ending cash balance $10,000 10,00010,000