Current Attempt in Progress Vaughn 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. Beginning cash balance $37,200 Required minimum cash balance 31,000 Payment of income taxes (2nd quarter) 4,960 Professional salaries: 1st quarter 173,600 2nd quarter 173,600 Interest from investments (2nd quarter) 8,680 Overhead costs: 1st quarter 95,480 2nd quarter 124,000 Selling and administrative costs, including $2,480 depreciation: 1st quarter 62,000 2nd quarter 86,800 Purchase of equipment (2nd quarter) 62,000 Sale of equipment (1st quarter) 14,880 Collections from patients: 1st quarter 291,400 2nd quarter 471,200 Interest payments (2nd quarter) 248 Prepare a cash budget for each of the first two quarters of 2022. VAUGHN DENTAL CLINIC Cash Budget 1st Quarter 2nd Quarte $ e Textbook and Media Save for Later Attempts: 0 of 1 used Submit