Exercise $7-13$A $($Algo$)$ Preparing a cash budget LO $7-5$

The accountant for Perez's Dress Shop prepared the following cash budget. Perez's desires to maintain a cash balance of $$15,000$ 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

a$.$ Complete the cash budget by filling in the missing amounts.

b$.$ Determine the amount of net cash flows from operating activities Perez's will report on the third quarter pro forma statement of cash flows.

c$.$ Determine the amount of net cash flows from financing activities Perez's will report on the third quarter pro forma statement of cash flows.

Complete this question by entering your answers in the tabs below.

Req A

Req B and C

Complete the cash budget by filling in the missing amounts.

Note: Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.

$\backslash$table$[[$Cash Budget,July,August,September$],[$Section $1$: Cash recelpts$],[$Beginning cash balance,$$,48,000,,,,],[$Add cash receipts,,$191,000,,211,000,,251,600],[$Total cash available,,$239,000,,,,],[$Section $2$: Cash payments$],[$For inventory purchases,,$171\mathrm{.}026,,145,730,,179,652],[$For S$8$A expenses,,$60,000,,66,060,,66,932],[$For interest expense,,$-0,,,,],[$Total budgeted disbursements,,$231,026,,,,],[$Section $3$: Financing activities$],[$Surplus $($shortage$),,7\mathrm{.}974,,,,],[$Borrowing $($repayments$),,7\mathrm{.}026,,,,],[$Ending cash balance,$9,15,000,$$$,15,000,$$$,15,000]]$