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Exercise 9-19 Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The inic is currently preparing the master budget for the

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Exercise 9-19 Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The inic 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 $35,700 Required minimum cash balance 29,750 Payment of income taxes (2nd quarter) 4,760 Profesional salaries: Ist quarter 166.600 2nd quarter 166,600 Interest from investments (2nd Quarter) 8,330 Overhead costs: Ist quarter 91,630 2nd quarter 119,000 Selling and administrative costs, including $2,380 depreciation: 1st quarter 59,500 2nd quarter 83,300 Purchase of equipment (2nd quarter) $9,500 Sale of equipment (1st quarter) 14,280 Collections from clients: Ist quarter 229,650 2nd quarter 452 200 Interest payments (2nd quarter) Prepare a cash budget for each of the first two quarters of 2020 PLETOIER DENTAL CLINIC Cash Budget 13 Quarter 2nd Quarter Prepare a cash budget for each of the first two quarters of 2020. PLETCHER DENTAL CLINIC Cash Budget 1st Quarter 2nd Quarter CALCULATOR MESSAGE MY INSTI Click if you would like to Show Work for this question: Qren Show Work

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