Exercise 23-19 Your answer is partially correct. Try again. 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 2017. 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 Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: $36,030 30,025 4,804 1st quarter 2nd quarter 168,140 168,140 8,407 Interest from investments (2nd quarter) Overhead costs 1st quarter 2nd quarter 92,477 120,100 Selling and administrative costs, including $2,402 depreciation 60,050 84,070 60,050 14,412 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter 282,235 456,380 240 Interest payments (2nd quarter) Prepare a cash budget for each of the first two quarters of 2017. (Do not leave any answer field blank. Enter 0 for amounts.) PLETCHER DENTAL CLINIC Cash Budget