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	$ 29,900
	Required minimum cash balance	20,000
	Payment of income taxes (2nd quarter)	4,100
	Professional salaries:
	1st quarter	140,200
	2nd quarter	140,200
	Interest from investments (2nd quarter)	7,000
	Overhead costs:
	1st quarter	94,400
	2nd quarter	120,100
	Selling and administrative expenses, including
	$3,000 depreciation:
	1st quarter	50,000
	2nd quarter	69,500
	Purchase of equipment (2nd quarter)	49,800
	Sale of equipment (1st quarter)	12,000
	Collections from clients:
	1st quarter	244,500
	2nd quarter	391,000
	Interest on repayments (2nd quarter)	304

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