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 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.

Beginning cash balance		$32,400
Required minimum cash balance		27,000
Payment of income taxes (2nd quarter)		4,320
Professional salaries:
1st quarter		151,200
2nd quarter		151,200
Interest from investments (2nd quarter)		7,560
Overhead costs:
1st quarter		83,160
2nd quarter		108,000
Selling and administrative costs, including
$2,160 depreciation:
1st quarter		54,000
2nd quarter		75,600
Purchase of equipment (2nd quarter)		54,000
Sale of equipment (1st quarter)		12,960
Collections from clients:
1st quarter		253,800
2nd quarter		410,400
Interest payments (2nd quarter)		216

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