Pietcher 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. $31,200 26,000 4,160 145,600 145,600 7.280 Beginning cash balance Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: 1st quarter 2nd quarter Interest from Investments (2nd quarter) Overhead costs: 1st quarter 2nd quarter Selling and administrative costs, including $200 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients 80.080 104,000 52,000 72,800 52.000 12.480 Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 244,400 395,200 208 Prepare a cash budget for each of the first two quarters of 2020, PLETCHER DENTAL CLINIC Cash Budget 1st Quarter 2nd Quart $ > C > > >