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 Required minimum cash balance $29,900 20,000 Payment of income taxes (2nd quarter) 4,000 Professional salaries: 1st quarter 141,400 2nd quarter 141,400 Interest from investments (2nd quarter) 6,900 Overhead costs: 1st quarter 2nd quarter 95,600 117,500 Selling and administrative expenses, including $3,000 depreciation: 1st quarter 50,200 2nd quarter 69,600 Purchase of equipment (2nd quarter) 50,400 Sale of equipment (1st quarter) 12,100 Collections from clients: 1st quarter 2nd quarter Interest on repayments (2nd quarter) 245,000 390,600 344 Prepare a cash budget for each of the first two quarters of 2020. PISANI DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2020 1 Quarters 2 Prepare a cash budget for each of the first two quarters of 2020. PISANI DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2020 Quarters Total