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. $34,500 28,750 4,600 161,000 161,000 8,050 88,550 115,000 Beginning cash balance Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: 1st quarter 2nd quarter Interest from investments (2nd quarter) Overhead costs: 1st quarter 2nd quarter Selling and administrative costs, including $2,300 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 57,500 80,500 57,500 13,800 270,250 437,000 230 Prepare a cash budget for each of the first two quarters of 2020. PLETCHER DENTAL CLINIC Cash Budget 1st Quarter 2nd Quarter $ $ V $ $ PLETCHER DENTAL CLINIC Cash Budget V 1st Quarter 2nd Quarter $ $ Ending Cash Balance Financing Professional Salaries Equipment Purchase Total Disbursements Borrowings Beginning Cash Balance Excess (Deficiency) of Cash Available Over Cash Disbursements Receipts Investment Interest Total Cash Available Total Receipts Repayments Payment of Income Taxes Selling and Administrative Costs Collections from Clients Disbursements Overhead Costs Sale of Equipment