Question: Please answer and show work 4. Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year prepared the following summary

Please answer and show work

4. Garden Depot is a retailer that is preparing its budget for the upcoming fiscal year prepared the following summary of its budgeted cash flows: . Management has 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 180,000 $ 330,000 $ 210,000 S 230,000 ,000 Total cash recei Total cash disbursements 260,000 230,000220,000 S 240 The company's beginning cash balance for the upcoming fiscal year will be a minimum cash balance of $10,000 and may borrow any amount needed from a interest rate of 3%. The company may borrow 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. $20,000. The company requires local bank at a quarterly any amount at the beginning of any quarter and may repay Required: Prepare the company's cash budget for the upcoming fiscal year

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