dad year, prepare a ARKIB3 Relevant data from the operating budget of The Framers are: Quarter 1 Sales Direct material purchases $33,948 Direct labor 25,312 29,948 Manufacturing overhead 9,322 Selling and administration 19,283 Depreciation included in selling and administration 950 Collections 34,324 Cash payments 29,349 Cash received: other 8,000 Dividend 0 Quarter 2 $76,482 26,423 24,328 10,299 19,238 800 76,938 20,937 500 500 Other data: . . Capital assets were sold in quarter 1 and $8,000 was collected in quarter 1 and $500 collected in quarter 2. Dividends of $500 will be paid in May The beginning cash balance was $50,000 and a required minimum cash balance is $10,000. Prepare a cash budget for the first two quarters of the year