Application Assignment i Saved Exercise 8-11 (Static) Cash Budget Analysis [LO8-8] A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $5,000 to start each quarter. Required: ook rences a minus sign.) Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by Quarter (000 omitted) (000 omitted) 1 2 3 4 Year Cash balance, beginning $ 6 Add collections from customers 96 323 Total cash available 71 Less disbursements Purchase of inventory 35 45 35 Selling and administrative expenses 30 30 113 Equipment purchases 8 8 10 36 Dividends 2 2 2 Total disbursements 85 Excess (deficiency) of cash available over disbursements (2) 11 Financing: C raw Q Searchcation Assignment Saved Quarter (000 omitted) (000 omitted) 1 2 3 Year Cash balance, beginning S 6 Add collections from customers 96 323 Total cash available 71 Less disbursements Purchase of inventory 45 35 Selling and administrative expenses 30 . 30 113 Equipment purchases 8 10 36 Dividends 2 2 2 Total disbursements 85 Excess (deficiency) of cash available over disbursements (2) 11 Financing: Borrowings 15 Repayments (including interest)* (17) Total financing Cash balance, ending *Interest will total $1,000 for the year