Blue Spruce Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters of 2022. It still needs to do only the cash budget. It has collected the following information from parts of the master budget and elsewhere: Beginning cash balance $ 29,900 Required minimum cash balance 20,000 Payment of income taxes (2nd quarter) 4,100 Professional salaries: 1st quarter 140,200 2nd quarter 140,200 Interest from investments (2nd quarter) 7,000 Overhead costs: 1st quarter 94,400 2nd quarter 120,100 Selling and administrative expenses, including $3,000 depreciation: 1st quarter 50,000 2nd quarter 69,500 Purchase of equipment (2nd quarter) 49,800 Sale of equipment (1st quarter) 12,000\fBLUE SPRUCE DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2022 Quarters 1 2 Tot Collections from clients Financing V Cash receipts Interest expense Ending cash balance Overhead Professional salaries Purchase of equipment Beginning cash balance Total disbursements Excess of cash available over cash disbursements Selling and administrative expenses Total financing Total receipts Total available cash Interest from investments v Borrowing Sale of equipment Income tax Disbursements Repayment