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 $33,300 Required minimum cash balance 27,750 Payment of income taxes (2nd quarter) 4,440 Professional salaries: 1st quarter 155,400 2nd quarter 155,400 Interest from investments (2nd quarter) 7,770 Overhead costs: 1st quarter 85,470 2nd quarter 111,000 Selling and administrative costs, including $2,220 depreciation: 1st quarter 55,500 2nd quarter 77,700 Purchase of equipment (2nd quarter) 55,500 Sale of equipment (1st quarter) 13,320 Collections from clients: 1st quarter 260,850 2nd quarter 421,800 Interest payments (2nd quarter) 222 Prepare a cash budget for each of the first two quarters of 2020.