A cash budget, by quarter, is given below for a retail company (000 omitted). The company requires a minimum cash balance of $5,000 to start each quarter.

Required:

1. Fill in the missing amounts in the table that follows:

	Quarter
	1	2
Cash balance, beginning	$6	$?
Add collections from customers	?	?
Total cash available	71	?
Less disbursements:
Purchase of inventory	35	45
Selling and administrative expenses	?	30
Equipment purchases	8	8
Dividends	2	2
Total disbursements	?	85
Excess (deficiency) of cash available over disbursements	(2)	?
Financing:
Borrowings	?	15
Repayments*	-	-
Total financing	?	?
Cash balance, ending	$?	$?
*For this exercise, assume there will be no interest on any borrowings.