2 The accountant for Finch's Dress Shop prepared the following cash budget. Finch's desires to maintain a cash balance of $20,000 atthe 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 of2 percent per month.Requireda. Complete the cash budget by filling in the missing amounts.b. Determine the amount of net cash flows from operating activities Finch's will report on the third quarter pro forma statement of cashflows.c. Determine the amount of net cash flows from financing activities Finch's will report on the third quarter pro forma statement of cashflows.Complete this question by entering your answers in the tabs below.Req AReq B and CSComplete 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 dollaramount.Cash BudgetJulyAugustSeptemberSection 1: Cash receiptsBeginning cash balance$45,500Add cash receiptsTotal cash available186,000231,500206,000246,600Section 2: Cash paymentsFor inventory purchases168,526143,230177,152For S&A expenses57,50063,56064,432For interest expense0226,026Total budgeted disbursementsSection 3: Financing activitiesSurplus (shortage)Borrowing (repayments)Ending cash balance5,47414,526$ 20,000 $ 20,000$20,000Req AReq B and C >

cash budgetJuly($)August($)September($)Total($)Selection 1: Cash receiptsBeginning cash…

Required a. Complete the cash budget by filling in the missing amounts. b. Determine the amount of net cash flows from operating activities Finch's will report on the third quarter pro forma statement of cash flows. c. Determine the amount of net cash flows from financing activities Finch's will report on the third quarter pro forma statement of cash flows.