Oriole 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 2020. 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 $31,500 Required minimum cash balance 26,250 Payment of income taxes (2nd quarter) 4,200 Professional salaries: 1st quarter 147,000 2nd quarter 147,000 Interest from investments (2nd quarter) 7,350 Overhead costs: 1st quarter 2nd quarter 80,850 105,000 Selling and administrative costs, including $2,100 depreciation: 1st quarter 52,500 2nd quarter 73,500 Purchase of equipment (2nd quarter) 52,500 Sale of equipment (1st quarter) 12,600 Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 246,750 399,000 210 Prepare a cash budget for each of the first two quarters of 2020. Beginning Cash Balance Add : Receipts Collections from Clients Sale of Equipment Investment Interest otal Receipts Total Cash Available For the Two Quarters Ending June 30, 2020 Less : Disbursements Professional Salaries Payment of Income Taxes elling and Administrative Costs Equipment Purchase Overhead Costs > > > > > > 1st Quarter 31500 $ > > > > > Excess (Deficiency) of Cash Available Over Cash Disbursements Total Disbursements Financing Add : Borrowings Less : Repayments Ending Cash Balance Save for Later 2nd Quarter 262 246750 3990 12600 0 73 Attempts: 0 of 1 used Submit