Total cash receipts Total cash disbursements $ 180,000 $ 260,000 Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments Interest The company's beginning cash balance for the upcoming fiscal year will be $20,000. 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. Total financing Ending cash balance $ 330,000 $ 230,000 Required: Prepare the company's cash budget for the upcoming fiscal year (Repayments, interest, and cash deficiencies should be indicated by a minus sign.) $ X Answer is not complete. Garden Depot Cash Budget 1st Quarter 0 $ 210,000 $ 220,000 0 0 0 2nd Quarter S 0 0 $ 230,000 $ 240,000 0 0 3rd Quarter S 0 0 0 0 4th Quarter $ 0 0 0 0 Year

The company's beginning cash balance for the upcoming fiscal year will be $20,000 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. (Repoyments, interest, ond cosh deficiencies should be indicoted by a minus sign.)