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Relevant data from the Poster Company's operating budgets are: 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 $59,000. 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. 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 $59,000. 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. Total Pop's data show the following information: New machinery will be added in April. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month's requirements. Direct material requires 2 pounds per unit at a cost of $3 per pound. The ending inventory required for direct materials is 15% of the next month's needs. In January, the beginning inventory is 3,000 units of finished goods and 4,500 pounds of material. Prepare a production budget for the first quarter of the year. Prepare a direct materials budget for the first quarter of the year. Relevant data from the Poster Company's operating budgets are: 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 baiance is $59,000. 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