Garden Depot is a retailer that provided the following budgeted cash flows for next year:

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

Total cash receipts $ $280,000$ $ $430,000$ $ $310,000$ $ $330,000$

Total cash disbursements $ $330,000$ $ $300,000$ $ $290,000$ $ $310,000$

The company$$s beginning cash balance for next year will be $$40,000.$ 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.