Bramble 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 : $28,800 Required minimum cash balance 24,000 Payment of income taxes (2nd quarter) 3,840 Professional salaries: 1st quarter. 134,400 2nd quarter 134,400 Interest from investments (2nd quarter) 6,720 Overhead costs: 1st quarter 2nd quarter 73,920 96,000 Selling and administrative costs, including $1,920 depreciation: 1st quarter 2nd quarter 48,000 67,200