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A cash budget, by quarters, is given below for a retail company (000 omitted). The...

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Accounting

A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $3,000 to start each quarter. Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.)
Quarter (000 omitted)
1 2 3 4 Year
Cash balance, beginning $8
Add collections from customers 120 420
Total cash available 92 123 428
Less disbursements:
Purchase of inventory 53 63 29
Selling and administrative expenses 45 30 127
Equipment purchases 8 9 28 55
Dividends 2 2 2 2
Total disbursements 119
Excess (deficiency) of cash available over disbursements (1) 9
Financing:
Borrowings 13
Repayments (including interest) * (12)
Total financing
Cash balance, ending
*Interest will total $1,000 for the year.

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