Blossom Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2022. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere. $30,600 25,500 Beginning cash balance Required minimum cash balance Payment of income taxes (2nd Quarter) Professional salaries: 1st quarter 4080 142 800 2nd quarter 142.800 Interest from investments (2nd quarter) 7.140 Overhead costs: 1st quarter 78,540 2nd quarter 102,000 Selling and administrative costs, including $2,040 depreciation: 1st quarter 51,000 2nd quarter 71,400 51,000 12,240 Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 239,700 1st quarter 387,600 2nd quarter 71,400 Purchase of equipment (2nd quarter) 51,000 Sale of equipment (1st quarter) 12,240 Collections from clients: 1st quarter 239,700 2nd quarter 387,600 Interest payments (2nd quarter) 204 Prepare a cash budget for each of the first two quarters of 2022. BLOSSOM DENTAL CLINIC Cash Budget Prepare a cash budget for each of the first two quarters of 2022 BLOSSOM DENTAL CLINIC Cash Budget 1 Quarter 209 Quarter > > S 21C Mostly cloudy