Only answer question 2 ### Garden Depot Cash Budget WorksheetThe following is a template for budgeting annual cash flows by quarter for a business named Garden Depot. The worksheet provides space to input financial data for each of the four quarters and the total for the year. The structured layout ensures a comprehensive approach to managing and planning cash resources. #### Cash Budget Categories- **Beginning Cash Balance**: The initial cash available at the beginning of each quarter.- **Total Cash Receipts**: All the cash collected during the quarter from various sources such as sales, services, and other incomes.- **Total Cash Available**: The sum of the beginning cash balance and total cash receipts.- **Less: Total Cash Disbursement**: The total cash spent during the quarter on expenses such as purchases, salaries, utilities, etc.- **Excess of Cash Available Over Disbursements**: The difference between total cash available and total cash disbursements, showing the net cash position.- **Financing**: - **Borrowings**: Cash obtained through loans or other financing sources. - **Repayments**: Cash paid back towards loans or other financing obligations.- **Interest**: The cost of borrowing money, paid during the quarter.- **Total Financing**: The net effect of borrowings, repayments, and interest.- **Ending Cash Balance**: The remaining cash after considering the excess of cash available over disbursements and total financing.#### Quarterly and Annual LayoutThe template is divided into columns where each column represents a quarter (1st, 2nd, 3rd, 4th) and a column for summarizing the totals for the year.**1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | Year**This setup facilitates quarterly reviews and adjustments, promoting effective financial management and ensuring the business maintains healthy cash flow throughout the year. **ACCS200/Summer21/Chapter 12: Master Budgeting and Responsibility Accounting/ Homework Problem**### 1. Revenues, production, and purchase budgets.The Yoshida Co. in Japan has a division that manufactures two-wheel motorcycles. Its budgeted sales for Model G in 2021 is 915,000 units. Yoshida's target ending inventory is 90,000 units, and its beginning inventory is 95,000 units. The company's budgeted selling price to its distributors and dealers is 405,000 yen (¥) per motorcycle. Yoshida buys all its wheels from an outside supplier. No defective wheels are accepted. (Yoshida's needs for extra wheels for replacement parts are ordered by a separate division of the company.) The company's target ending inventory is 62,000 wheels, and its beginning inventory is 55,000 wheels. The budgeted purchase price is 16,000 yen (¥) per wheel. **Required**1. Compute the budgeted revenues in yen.2. Compute the number of motorcycles that Yoshida should produce.3. Compute the budgeted purchases of wheels in units and in yen.4. What actions can Yoshida's managers take to reduce budgeted purchasing costs of wheels assuming the same budgeted sales for Model G?---### 2. Cash BudgetGarden 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 | 3rd Quarter | 4th Quarter ||--------------------|-------------|-------------|-------------|-------------|| **Total cash receipts** | $310,000 | $430,000 | $360,000 | $380,000 || **Total cash disbursements** | $365,000 | $335,000 | $325,000 | $345,000 |The company's beginning cash balance for the upcoming fiscal year will be $25,000. 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,

Garden Depot Cash Budget Q1 Q2 Q3 Q4 Yearly Beginning cash balance (A) 25,000…

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 $310,000 $365,000 2nd Quarter $430,000 $335,000 3rd Quarter $360,000 $325,000 4th Quarter $380,000 $345,000 Total cash receipts Total cash disbursements The company's beginning cash balance for the upcoming fiscal year will be $25,000. 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: Complete the following table about the company's cash budget for the upcoming fiscal year.