Pletcher Dental Clinic is a medium sized dental service specializing in family dental care. The clinicis 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. $33,300 27,750 Beginning cash balance Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries 4,440 1st quarter 155,400 2nd quarter 155,400 7.770 Interest from investments (2nd quarter) Overhead costs 1st quarter 85,470 111.000 2nd Quarter Selling and administrative costs, including $2,220 depreciation 1st quarter 55,500 2nd quarter 77.700 Purchase of equipment (2nd quarter) 55.500 13.320 Sale of equipment (Ist quarter) Collections from clients 1st quarter 260,850 Collections from clients: 1st quarter 260,850 2nd quarter 421,800 Interest payments (2nd quarter) 222 Prepare a cash budget for each of the first two quarters of 2020. PLETCHER DENTAL CLINIC Cash Budget 11 Quarter 2nd Quart S > PLETCHER DENTAL CLINIC Cash Budget 1 Quarter 2 Quarter > V >