Relevant data from the Poster Company's operating budgets are: Quarter 1 Quarter 2 Sales 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: $208,470 $211,539 115,300 120,831 75,200 73,300 25,300 25,200 33,400 33,400 1,400 900 215,392 240,154 114,290 119,254 Capital assets were sold in January for $9,000 and $4,500 in May. Dividends of $4,500 were paid in February. The beginning cash balance was $60,358 and a required minimum cash balance is $59,000. 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 Total Available Cash Less: Cash Payments Check My Work 2 more Check My Work uses remaining 000000 000 00000 0000 Depreciation included in selling and administrative 1,400 900 215,392 240,154 Collections from customers Cash payments for purchases Additional data: 114,290 119,254 Capital assets were sold in January for $9,000 and $4,500 in May. Dividends of $4,500 were paid in February. The beginning cash balance was $60,358 and a required minimum cash bala Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require a The Poster Company Cash Budget For the First Two Quarters < Add: Cash Receipts Total Receipts Total Available Cash Less: Cash Payments Total Cash Payments Excess (Deficiency) of Available Cash Over Cash Disbursements Financing Ending cash balance Check My Work 2 more Check My Work uses remaining Quarter 1 Quarter 2. 0000 0000 000