https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.. Week 5: Homework i Saved Help Save & Exit Submit Check my work 3 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: 1st Quarter 2nd Quarter Brd Quarter 4th Quarter Total cash receipts $ 240, 000 $ 390, 080 $ 270,000 $ 290, 060 O Total cash disbursements 302, 000 $ 272, 006 $ 262,000 $ 282, 000 oints The company's beginning cash balance for the upcoming fiscal year will be $32,000. 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 eBook 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. Hint Ask Required: Prepare the company's cash budget for the upcoming fiscal year. (Repayments, interest, and cash deficiencies should be indicated Print by a minus sign.) References Garden Depot Cash Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Beginning cash balance $ 32,000 $ 10,000 Total cash receipts 240,000 390,000 Total cash available 272,000 400.000 Total cash disbursements 302,000 272.000 Excess (deficiency) of cash available over disbursements (30 000) 128 000 o of MC Graw 3:4 Q Search 11/26/