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 Total cash receipts Total cash disbursements 1 Quarter 2nd Quartered Quest $ 270,000 120.000 390,000 320,00 $325,000 293.000 283,000 30.000 The company's beginning cash balance for the upcoming fiscal year will be $38,000. 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 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, and interest, should be indicated by a minus sign.) Answer is not complete. Garden Depot Cash Budget 1st 2nd Brd 4th Year Quarter Quarter Quartier Quarter $ 38,000 $10,000 162378 $ 38,000 29,625 270,000 420,000 300,000 320.000 1,310,000 308,000 430,000 462,375 448 625 1,348.000 323,000 293,000 283,000 303,000 1202.000 (15,000) 137,000 179 375 145.625 146 000 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 25,000 25.000 375 25,000 $ 10,000 25,000 3 3253 25,325 D 15 5 162,325 179376 0 $ 145.62 $ 145,625