Landscape 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 ard Quarter 4th Quarter Total cash receipts $ 180, 098 $ 330, 809 $ 210, 980 $ 230, 098 Total cash disbursements $ 260,080 $ 230, 809 $ 220,080 $ 248, 098Cash Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments Interest