Sheridan 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 $34,200 Required minimum cash balance 28,500 Payment of income taxes (2nd quarter) 4,560 Professional salaries: 1st quarter 159,600 2nd quarter 159,600 Interest from investments (2nd quarter) 7,980 Overhead costs: 1st quarter 2nd quarter 87,780 114,000 Selling and administrative costs, including $2.280 depreciation: 1st quarter 57,000 2nd quarter 79,800 Purchase of equipment (2nd quarter) 57.000 Sale of equipment (1st quarter) 13,680 Collections from patients: 1st quarter 267,900 DIA 2nd quarter Interest payments (2nd quarter) 433,200 228 Prepare a cash budget for each of the first two quarters of 2022. SHERIDAN DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2022 Beginning Cash Balance Add Receipts Collections from Patients Sale of Equipment Investment Interest Total Receipts Total Cash Available Y 1st Quarter 2nd Quarter Professional Salaries Payment of Income Taxes Selling and Administrative Costs Equipment Purchase Overhead Costs Total Disbursements: Excess (Deficiency) of Cash Available Over Cash Disbursements Financing Add Borrowings Less Repayments Ending Cash Balance $ $