4 - Chapter 3: Chapters X + ucation.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%25 pters 6 and 8 Saved H Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year. Management has prepared the following of its budgeted cash flows: Total cash receipts Total cash disbursements 1st Quarter $ 270,000 $ 323,000 2nd Quarter $ 420,000 $ 293,000 3rd Quarter $ 300,000 $ 283,000 4th Quarter $ 320,000 $ 303,000 The company's beginning cash balance for the upcoming fiscal year will be $38,000. The company requires a minimum cash of $10,000 and may borrow any amount needed from a local bank at a quarterly interest rate of 3%. The company may borro 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 pay 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 Beginning cash balance Total cash receipts Total cash available Total cash disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings f3 # 3 D Garden Depot Cash Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year < Prev 4 of 4 Next xBook1-Excel (Prod... O Question 4-Chapt... File Explorer File Explorer N E S f4 O $ 574 f5 f6 95 f7 no & 6 7 scr f8 f9 f10 f11 f12 nun 7 L R T Y U D F G H 8 9 ( 8 6 4 n 1 O P K 2 L 3 11