Exercise 9-19 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 Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries $36,300 30,250 4,840 1st quarter 169,400 169,400 8,470 2nd quarter Interest from investments (2nd quarter) Overhead costs 1st quarter 2nd quarter 93,170 121,000 Selling and administrative costs, including $2,420 depreciation 60,500 84,700 60,500 14,520 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 284,350 459,800 242 1st quarter 2nd quarter Interest payments (2nd quarter)