Wildhorse 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$ $30,300$Required minimum cash balance$20,000$Payment of income taxes $(2$nd quarter$)4,100$Professional salaries:$1$st quarter$141,2002$nd quarter$141,200$Interest from investments $(2$nd quarter$)7,000$Overhead costs:$1$st quarter$95,7002$nd quarter$114,200$Selling and administrative expenses, including$$3,000$ depreciation:$1$st quarter$49,9002$nd quarter$69,900$Purchase of equipment $(2$nd quarter$)50,100$Sale of equipment $(1$st quarter$)12,000$Collections from clients:$1$st quarter$245,0002$nd quarter$386,600$Interest on repayments $(2$nd quarter$)330$

Prepare a cash budget for each of the first two quarters of $2022.$

WILDHORSE DENTAL CLINIC

Cash Budget

For the Two Quarters Ending June $30,2022$

Quarters

$1$

$2$

$

$

$