3. Prepare a cash budget for April, May, and June as well as in total for the quarter. (Cash deficiency, repayments and interest should be indicated by a minus sign.) Garden Sales, Inc. Cash Budget For the Quarter Ended June 30 April May June Quarter 61,000 61,000 Beginning cash balance Add collections from customers Total cash available Less cash disbursements: 61,000 61,000 Purchases for inventory Selling expenses Administrative expenses Land purchases Dividends paid Total cash disbursements Excess (deficiency) of cash available over disbursements 90,000 47,000 39,000 86,000 (25,000) 47,000 39,000 129,000 (68,000) 47,000 (47,000) Financing: Borrowings Interest Total financing Ending cash balance 0 $(68,000)(47,000)$ 0 S (25,000)