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 2016. 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 Payment of income taxes (2nd quarter) Professional salaries: $30,500 19,800 4,500 1st quarter 2nd quarter 140,500 140,400 7,400 Interest from investments (2nd quarter) Overhead costs: 1st quarter 2nd quarter 92,600 116,100 Selling and administrative expenses, including $2,700 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 50,100 69,900 58,000 11,900 1st quarter 2nd quarter 244,900 392,760 260 Interest on repayments (2nd quarter)