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 $ $180,000$ $ $330,000$ $ $210,000$ $ $230,000$

Total cash disbursements $ $260,000$ $ $230,000$ $ $220,000$ $ $240,000$

The company$$s beginning cash balance for next year will be $$20,000.$ 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.