Relevant data from the Poster Companys operating budgets are:

Relevant data from the Poster Company's operating budgets are: Quarter 1 Quarter 2 Sales $208,480 $211,538 Direct material purchases 115,295 120,833 Direct labor 75,200 73,298 Manufacturing overhead 25,200 25,200 Selling and administrative expenses 33,400 33,500 Depreciation included in selling and administrative 1,400 1,000 Collections from customers 215,393 240,156 Cash payments for purchases 114,290 119,252 Additional data: Capital assets were sold in January for $11,000 and $4,400 in May. Dividends of $4,400 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. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Beginning Cash Balance Add: Cash Receipts Total Receipts Total Available Cash Less: Cash Payments Total Cash Payments Excess (Deficiency) of Available Cash Over Cash Disbursements Financing Ending cash balance