Garden Depot is a retaller that provided the following budgeted cash flows for next year: Total cash receipts Total cash disbursements 1st Quarter $ 280,000 $ 330,000 2nd Quarter $ 430,000 $ 300,000 3rd Quarter $ 310,000 $ 290,000 4th Quarter $ 330,000 $ 310,000 The company's beginning cash balance for next year will be $40,000. The company requires a minimum cash balance of $10,000 and may borrow money at the beginning of any quarter and may repay any part of its loans at the end of any quarter. Interest payments, based on a quarterly Interest rate of 3%, are due on any principal at the time it is repaid. For simplicity, assume interest is not compounded. Required: Prepare the company's cash budget for next year. Note: Repayments, Interest, and cash deficiencies should be indicated by a minus sign. Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments Interest Total financing Ending cash balance Garden Depot Cash Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 0 0 0 0 0 0 0 0 0 0 0 0 $ 0 0 $ 0 $ 0