Garden Depot in a retailer that is preparing the budget for the upcoming fracal year Management has prepared the following summary of ts budguted cash flows: 1st Quarter 2nd Quarter 3rd Quarterth Quarter Total cash receipts 5190,000 $340,000 $220,000 $240,000 Total cash disbursement5267.000 5237000 5227.000 $257,000 The company's beginning cash balance for the upcoming fiscal year will be $25.000 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 is repaid For simplicity, assume that interest is not compounded Required: Prepare the company's cash budget for the upcoming focal yeat and answer the following questions 1. How much la the ending cash balance in the tot quarter 2. How much is the interest paid in the in 2nd quarter. Note Do not use a negative sign for the interest 3 What is the Ending Cash Balance in the quarter What is the beginning Cash Balance for the year 5. What is the total financing for the year