11 of 13 < > 0.42 / 0.75 Pletcher 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 2020. 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 $32,400 Required minimum cash balance 27,000 Payment of income taxes (2nd quarter) 4,320 Professional salaries: 1st quarter 151,200 2nd quarter 151,200 Interest from investments (2nd quarter) 7,560 Overhead costs: 1st quarter 2nd quarter 83,160 108,000 Selling and administrative costs, including $2,160 depreciation: 1st quarter 54,000 2nd quarter 75,600 Purchase of equipment (2nd quarter) 54,000 Sale of equipment (1st quarter) 12,960 Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 253,800 410,400 216 Question 11 of 13 < > h Balance Receipts om Cllents ent terest allable Disbursements alarles come Taxes ministrative Costs rchase its :ments Cash Budget For the Month Endine June 30.2020 ency) of Cash Available Over Cash Disbursements Borrowings Repayments alance eTextbook and Media Save for Later $ 1st Quarter 0.42 / 0.75 32400 $ 2nd Quarter 27000 Attempts: 1 of 5 used Submit