Spruce Dental Clinic is a medium$-$sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters of $2022.$ It still needs to do only the cash budget. It has collected the following information from parts of the master budget and elsewhere:Beginning cash balance$ $29,900$Required minimum cash balance$20,000$Payment of income taxes $(2$nd quarter$)4,100$Professional salaries:$1$st quarter$140,2002$nd quarter$140,200$Interest from investments $(2$nd quarter$)7,000$Overhead costs:$1$st quarter$94,4002$nd quarter$120,100$Selling and administrative expenses, including$$3,000$ depreciation:$1$st quarter$50,0002$nd quarter$69,500$QSearch