Answer and explain

sarcen vepot is a retainer that is preparing its puoget tor the upcoming nscat year, Management nas preparea the tollowing summary fits budgeted cash flows: The company's beginning cash balance for the upcoming fiscal year will be $45,000. 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 dve on any principal at the time it is repald. For simplicity. assume that interest is not compounded, Required: Prepare the company's cash budget for the upcoming fiscal year. (Repoyments, and interest, should be indieated by a minus sign.)