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 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 $2,480 depreciation: $37,200 31,000 4,960. 173,600 173,600 8,680 95,480 124,000 Overhead costs: 1st quarter 2nd quarter Selling and administrative costs, including 95,480 124,000 $2,480 depreciation: 1st quarter 62,000 2nd quarter 86,800 Purchase of equipment (2nd quarter) 62,000 Sale of equipment (1st quarter) 14,880 Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 291,400 471,200 248 Prepare a cash budget for each of the first two quarters of 2020. PLETCHER DENTAL CLINIC Cash Budget 1st Quarter 2nd Quarter