Hi, please help with the red circle part! Thanks.

Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following summary of its budgeted cash flows Total cash receipts Total cash disbursements 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter $ 250,000 400,000 280,000 300,000 $ 309,000 279,000 269,000 289,000 The company's beginning cash balance for the upcoming fiscal year will be $34,000. The company requires a minimum cash balance of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borrow any amount at the beginning of any quarter and may repay its loans, or any part of its loans, at the end of any quarter. Interest payments are due on any principal at the time it is repaid. For simplicity, assume that interest is not compounded Required Prepare the company's cash budget for the upcoming fiscal year. (Repayments, and interest, should be indicated by a minus sign.) Answer is complete but not entirely correct. Garden Depot Cash Budget 2nd 1st Quarter Quarter Quarter Quarter 3rd 4th Year s 34,000 10,00094 950) 3 105 950 Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess of cash available over disbursements Financing 94,950 250.000 o 400.000 280.000 e 300.000 1230,000 284,000 410,000 185,050405,9501,264,000 309,000 279,000269,000289,0001,146,000 31,000 (83,950) 116,950 (25,000) 118,000 35,000 0(35,000) 1,050) (1,050) 116,950 S 116,950 5,000 Repayments Interest 0(35,000) 0(1,050) (36,050) 0 35,000 S10,000 94,950 (83,950 Total financing Ending cash balance