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:

$1$st Quarter $2$nd Quarter $3$rd Quarter $4$th Quarter

Total cash receipts $ $260,000$ $ $410,000$ $ $290,000$ $ $310,000$

Total cash disbursements $ $316,000$ $ $286,000$ $ $276,000$ $ $296,000$