Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow money during this quarter to support peak sales of lawn care equipment, which occur during May. The following information has been assembled to assist in preparing a cash budget for the quarter:

D. A scheaule of expected cash disbursenents for merchandlse purchases Tor Aprl, May, and June, and for the quarter in total Garden Sales, Inc. Schedule of Expected Cash Disbursements for Merchandise Purchases April May June Quarter Beginning accounts payable April purchases May purchases June purchases Total cash disbursements Prepare a cash budget for April, May, and June as well as in total for the quarter. (Cash deficiency repayments and interest should be indicated by a minus sign.) Garden Sales, Inc. Cash Budget For the Quarter Ended June 30 April May June Quarter Beginning cash balance Add collections from customers Total cash available Less cash disbursements: Purchases for inventory Selling expenses Administrative expenses Land purchases Dividends paid Total cash disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayment Interest Total financing Ending cash balance