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

Garden Depot is a retailer that provided the following budgeted cash flows for next year:

The company's beginning cash balance for next year will be $$34,000.$ The company requires a minimum cash balance of $$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.

Requlred:

Prepare the company's cash budget for next year.

Note: Repayments, Interest, and cash deflclencles should be Indlcated by a mlnus sign.