Final Exam 10022012 Ngy 4/ba-a489-d06b6e21495c#/question/5 Question 6 of 12 < > -/19 E Cullumber 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 $38,400 Required minimum cash balance 32.000 Payment of income taxes (2nd quarter) 5,120 Professional salaries: 1st quarter 2nd quarter Interest from investments (2nd quarter) Overhead costs: 1st quarter 2nd quarter Selling and administrative costs, including $2.560 depreciation 179,200 179,200 8.960 98,560 128,000 O 105322002 Ngy I 4 Question 6 of 12 < > 2nd quarter Selling and administrative costs, including $2,560 depreciation: -/19 E 128,000 1st quarter 64,000 2nd quarter 89.600 Purchase of equipment (2nd quarter) 64,000 Sale of equipment (1st quarter) 15.360 Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 300,800 486,400 256 Prepare a cash budget for each of the first two quarters of 2022. 13 CULLUMBER DENTAL CLINIC Cach Budent MiscBook All