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 $27,000. 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. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Garden Depot } \\ \hline & \multicolumn{4}{|l|}{ Cash Budget } \\ \hline & 1st Quarter & Znd Quarter & 3rd Quarter & 4th Quarter \\ \hline \multicolumn{5}{|l|}{ Beginning cash balance } \\ \hline \multicolumn{5}{|l|}{ Total cash receipts } \\ \hline Total cash available & 0 & 0 & 0 & 0 \\ \hline \multicolumn{5}{|l|}{ Total cash disbursements } \\ \hline Excess (deficiency) of cash available over disbursements: & 0 & 0 & 0 & 0 \\ \hline \multicolumn{5}{|l|}{ Financing: } \\ \hline Borrowings & & & & \\ \hline \multicolumn{5}{|l|}{ Repayments } \\ \hline Interest & & & & \\ \hline Total financing & 0 & 0 & 0 & 0 \\ \hline Ending cash balance. & $ & $ & $ & $ \\ \hline \end{tabular} Garden Depot Cash Budget