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. $33,030 Beginning cash balance Required minimum cash balance 27,525 Payment of income taxes (2nd quarter) 4,404 Professional salaries: 1st quarter 154,140 2nd quarter 154,140 Interest from investments (2nd quarter) 7,707 Overhead costs: 1st quarter 84,777 2nd quarter 110,100 Selling and administrative costs, including $2,202 depreciation: 1st quarter 55,050 2nd quarter 77,070 Purchase of equipment (2nd quarter) 55,050 Sale of equipment (1st quarter) 13,212 Collections from clients: 1st quarter 258,735 2nd quarter 418,380 Interest payments (2nd quarter) 220 PLETCHER DENTAL CLINIC Cash Budget 2nd Quarter 1st Quarter $ $