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

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Accounting

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 $20,000. 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.
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