eBook Relevant data from the Poster Company's operating budgets are: Sales Quarter 1 Quarter 2 $208,460 $211,539 Direct material purchases Direct labor Manufacturing overhead Selling and administrative expenses Depreciation included in selling and administrative Collections from customers Cash payments for purchases Additional data: 115,290 120,832 75,200 73,298 25,200 25,200 33,600 33,400 1,500 1,100 215,391 240,155 114,295 119,254 Capital assets were sold in January for $11,000 and $4,600 in May. Dividends of $4,500 were paid in February. The beginning cash balance was $60,358 and a required minimum cash balance is $58,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Add: Cash Receipts Total Receipts Check My Work 2 more Check My Work uses remaining 0000 Previous