Pisani Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters of 2020. It still needs to do only the cash budget. It has collected the following information from parts of the master budget and elsewhere:

	Beginning cash balance	$ 30,200
	Required minimum cash balance	20,000
	Payment of income taxes (2nd quarter)	4,000
	Professional salaries:
	1st quarter	139,900
	2nd quarter	139,900
	Interest from investments (2nd quarter)	7,000
	Overhead costs:
	1st quarter	94,500
	2nd quarter	119,700
	Selling and administrative expenses, including
	$3,100 depreciation:
	1st quarter	49,600
	2nd quarter	69,400
	Purchase of equipment (2nd quarter)	50,300
	Sale of equipment (1st quarter)	12,100
	Collections from clients:
	1st quarter	243,900
	2nd quarter	388,300
	Interest on repayments (2nd quarter)	294

Prepare a cash budget for each of the first two quarters of 2020.