Garden Depot Cash budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 18,000 430,0001,680,000 566,080 1,698,000 380,000 1,510,000 Excess of cash available over disbursements(22,000 120,000136,080 186,080 188,000 Beginning cash balance Total cash receipts Total cash available Less: Total cash disbursements 18,000 360,000 378,000 400,000 10,000 480,000 490,000 370,000 86,080 410,000 496,080 360,000 136,080 Financin 32,000 Borrowings Repayments Interest 32,000 (32,000) (1,920) 33,920 86,080 (32,000) (1,920) 32,000 10,000 33,920 186,080 Total financing Ending cash balance 136,080 186,080 Note: Interest 32,000 x 390 x 2 quarter = $1.920