Exercise 8-7 (Algo) Cash Budget [LO8-8] Garden Depot is a retailer that provided the following budgeted cash flows for next year: The company's beginning cash balance for next year will be $28,000. The company requires a minimum cash balance of $10,000 and may borrow money at the beginning of any quarter and may repay any part of its loans at the end of any quarter. Interest poyments, based on a quarterly interest rate of 3%, are due on any principal at the time it is repaid. For simplicity. assume interest is not compounded. Required: Prepare the company's cosh budget for next year. Note: Repayments, interest, and cash deficiencies should be indicated by a minus sign