Exercise $8-7($Algo$)$ Cash Budget $[$L$08-8]$

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:

$\backslash$table$[[,1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter$],[$Total cash receipts,$$290,000,$$$440,000,$$$320,000,$$$340,000$