The company's beginning cash balance for the upcoming fiscal year will be $36,000. 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 not complete. Garden Depot Cash Budget 1st Quarter 5 36,000 260,000 296 000 316,000 Beginning cash balance 2nd 3rd 4th Quarter Quarter Year Quarter $ $ 10.000 103 100 # $ 36,000 117 100 410.000 290.000 310.000 1.270.000 420.000 393,100 427,100 1,306.000 286,000276,000 296.000 1.174.000 > Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing (20.000) 134,000 117.100 131, 100 132.000 pierdoor Answer is not complete. Garden Depot Cash Budget 1st 2nd 3rd Quarter Quarter Quarter $ 36,000 ls 10.000 103,100 260,000 410 000 290,000 296.000 420,000 393,100 316,000 286.000 276,000 (20,000) 134,000 117.100 4th Year Quarter $ $ 36,000 117,100 310,000 1 270,000 427,100 1,306,000 296,000 1.174,000 Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments Interest Total ninancing >> 131.100 132,000 30.000 900 30.000 X 30,000 30.000 X 900 X 30,000 30.900 900 X 0 $ 117,100 0 S 131,100 Ending cash balance $ 10.000 S 164.900