Garden Depot is a retailer that provided the following budgeted cash flows for next year: 3rd Quarter $ 350,000 $ 318,000 Total cash receipts Total cash disbursements 1st Quarter 2nd Quarter $ 300,000 $ 420,000 $ 358,000 $ 328,000 The company's beginning cash balance for next year will be $35,000. 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 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. 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 Garden Depot Cash Budget 1st Quarter $ 0 0 0 0 4th Quarter $ 370,000 $ 338,000 $ 2nd Quarter 0 0 0 0 $ 3rd Quarter 0 0 0 0 $ 4th Quarter 0 0 0 0 Year

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 $35,000. 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 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. 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 $35,000. 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 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