Current Attempt in Progress

Lily 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 $2025.$ 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.

Beginning cash balance $$25\mathrm{.}200$

Required minimum cash blance

$21,000$

Payment of income taxes $(2$nd quarter$)$

$3,360$

Professional salaries:

$\backslash$table$[[1$st quarter,$117,600],[2$nd quarter,$117\mathrm{.}600],[$Interest from investments $(2$nd quarter$),5,880],[$Overhead costs:$],[1$ st quarter,$64,680],[2$nd quarter,$84,000],[$Selling and administrative costs, including$],[$$$1,680$ depreciation:$],[1$st quarter,$42,000],[2$ nd quarter,$58,800],[$Purchase of equipment $(2$nd quarter$),42,000],[$Sale of equipment $(1$st quarter$),10,080],[$Collections from patients:$],[1$st quarter,$197\mathrm{.}400],[2$ nd quarter,$319\mathrm{.}200],[$Interest payments $(2$nd quarter$),168]]$

Prepare a cash budget for each of the first two quarters of $2025.$

Current Attempt in Progress

Lily Dental Clifis a medium$-$sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first $2$ quarters of $2025.$ 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.

$\backslash$table$[[$Beginning cash balance,$$25,200$