Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2017. 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 Beginning cash balance Required minimum cash balance Payment of Income taxes (2nd quarter) Professlonal salarles: $36,030 30,025 4,804 st quarter 2nd quarter 168,140 168,140 8,407 Interest from Investments (2nd quarter) Overhead costs: st quarter 2nd quarter 92,477 120,100 Sellng and adminlstratlve costs, Including $2,402 depreclatlon: 60,050 84,070 60,050 14,412 st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equlpment (1st quarter) Collectlons from clients: 282,235 456,380 240 1st quarter 2nd quarter Interest payments (2nd quarter)