A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires a minimum cash balance of at least $8,000 to start each quarter. Required: Fill in the missing amounts. (Enter your answers in thousands of dollars. Cash deficiencies and Repayments should be indicated by a minus sign.) Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year (000 (000 omitted) (000 omitted) (000 omitted) |( (000 omitted) omitted) Cash balance, beginning $ 7 Add collections from customers 97 335 Total cash available 80 Less disbursements: Purchase of inventory 36 46 28 Selling and administrative expenses 30 30 117 Equipment purchases 10 11 38 Dividends 2 2 2 2 Total disbursements 38 Excess (deficiency) of cash available over disbursements (2) 17 Financing: Borrowings 16 Repayments (including interest)* (18) Total financing Cash balance, ending *Interest will total $1,000 for the year.Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total cash receipts $ 290, 000 $ 440, 090 320,090 $ 340, 000 Total cash disbursements $ 337, 090 $ 307, 090 $ 297, 060 $ 317,000 The company's beginning cash balance for the upcoming fiscal year will be $42,000. The company requires a minimum cash balance of $10,000 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. Required: Prepare the company's cash budget for the upcoming fiscal year. (Repayments, interest, and cash deficiencies should be indicated by a minus sign.) Garden Depot Cash Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments Interest Total financing Ending cash balance