Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the Krst 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: 1st qua rter 2nd quarter Interest from investments (2nd quarter) Overhead costs: 1st qua rter 2nd quarter Selling and administrative costs, including $2,340 depreciation: 1st qua rter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st qua rter 2nd quarter Interest payments (2nd quarter) $35,100 29,250 4,680 163,800 163,800 8,190 90,090 117,000 58,500 81,900 58,500 14,040 274,950 444,600 Prepare a cash budget for each of the first two quarters of 2020.