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Crane 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

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Crane 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. $31.800 26.500 4240 148.400 148.400 7420 81620 Beginning cash balance Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: 1st quarter 2nd quarter Interest from investments (2nd quarter) Overhead costs: 1st quarter 2nd quarter Selling and administrative costs, including $2.120 depreciation 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from patients: 1st quarter 2nd quarter Interest payments (2nd quarter) 106.000 53,000 74200 53.000 12720 249.100 402,800 212 Prepare a cash budget for each of the first two quarters of 2022. Cash Budget 1" Quarter 21 Quarte >

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