Relevant data from the Poster Company's operating budgets are: Quarter 1 Quarter 2 $208,470 $211,539 Sales Direct material purchases Direct labor Manufacturing overhead Selling and administrative expenses Depreciation included in selling and administrative 115,300 75,205 25,300 33,400 1,400 215,392 114.295 120,831 73,299 25,300 33,400 900 240,155 119,253 Collections from customers Cash payments for purchases Additional data: Capital assets were sold in January for $11,000 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 $60,000. 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 Add: Cash Receipts Total Receipts Total Available Cash Less: Cash Payments 10 0000 000000 000 cu dou111 (0) 0 Total Cash Payments Excess (Deficiency) of Available Cash Over Cash Disbursements Financing Ending cash balance