2.5975 TIT 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. $34,800 Beginning cash balance Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: 29,000 4,640 1st quarter 162.400 2nd quarter 162.400 8.120 Interest from investments (2nd quarter) Overhead costs: 1st quarter 89,320 116,000 2nd quarter Selling and administrative costs, including $2,320 depreciation 1st quarter 58,000 2nd quarter 81.200 58,000 Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 13,920 1st quarter 272,600 440,800 2nd quarter Interest payments (2nd quarter) 232 Prepare a cash budget for each of the first two quarters of 2020 PLETCHER DENTAL CLINIC Cash Budget 1st Quarter 2nd Quarter Cash Balance Receipts from Clients 2.59/5 E from Clients ipment Interest pts Available Disbursements Salaries Income Taxes Administrative Costs Purchase costs osts irsements ficiency of Cash Available Over Cash Disbursements IHI O'Z UUD TOE Borrowings Repayments h Balance e Textbook and Media Save for Later Attempts: 2 of 7 used So