Exercise 8-7 (Algo) Cash Budget [LO8-8] Garden Depot is a retalier that provided the following budgoted cash flows for next year: The company's beginning cash balance for next year will be $34,000. The compony 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 payments. 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 cash budget for next year. Note: Repayments, interest, and cash deficiencies should be indicated by a minus sign