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

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Total cash receipts	$ 290,000	$ 440,000	$ 320,000	$ 340,000
Total cash disbursements	$ 337,000	$ 307,000	$ 297,000	$ 317,000

The companys beginning cash balance for next year will be $42,000. 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 companys cash budget for next year.

Note: Repayments, interest, and cash deficiencies should be indicated by a minus sign.