1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total Cash Receipts $160,000 175,000 100,000 450,000 Total Cash Disbursements $170,000 250,000 100,000 320,000 The company's beginning cash balance for the upcoming fiscal year will be $50,000. The company requires a minimum cash balance of $25,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded. Don't use "$" or ",", use "O" for negatives and cash payments. Be mindful of letters when filling in answers. Don't leave any answer blank, if no number should be included enter "0" Prepare the company's cash budget for the upcoming fiscal year. C Q4 04 Year Beginning Cash Add: Cash Receipts Total Cash Less: Disbursements Excess (Deficiency) of Cash Available Financing Borrowings (at Beg. of quarter) Repayments (at end of quarter Interest (paid with repayments) Total Financing Ending Cash