Oriole 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.

Oriole 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 $31,200 26,000 Required minimum cash balance Payment of income taxes (2nd quarter) 4,160 Professional salaries: 1st quarter 145,600 2nd quarter 145,600 Interest from investments (2nd quarter) 7,280 Overhead costs: 1st quarter 80,080 2nd quarter 104,000 Selling and administrative costs, including $2,080 depreciation: 1st quarter 52,000 72,800 2nd quarter Purchase of equipment (2nd quarter) 52,000 Sale of equipment (1st quarter) 12,480 Collections from patients: 1st quarter 244,400 395,200 2nd quarter Interest payments (2nd quarter) 208 Prepare a cash budget for each of the first two quarters of 2022. Prepare a cash budget for each of the first two quarters of 2022. ORIOLE DENTAL CLINIC Cash Budget 1st Quarter 2nd Qua $ $ FACE IMA $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit