Asset Gradebook ORION Downloadable Textbook ACCOUNTING FOR MANGERS (PGT1116 416) Pronghorn Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first quarters of 2017. Al that remains in this CALCULATOR process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere. Beginning cash balance $32,130 Required minimum cash balance 26,775 Payment of income taxes (2nd quarter) 4,284 Professional salaries: ist quarter 149,90 2nd quarter 149,940 Interest from investments (2nd quarter) 7.497 Overnlod costs 1st quarter 82,467 2nd quarter 107,100 Selling and administrative costs, including $2,142 depreciation: 1st quarter 53,550 2nd quarter 74,970 Purchase of equipment (2nd quarter) 53,550 12,852 Sale of equipment (1st quarter) Collections from patients: 251,685 1st quarter 406,980 2nd quarter 214 Interest payments (2nd quarter) Prepare a cash budget for each of the first two quarters of 2017. (Do not leave any answer field blank. Enter o for amounts.)