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 $31,200 Required minimum cash balance 26,000 Payment of income taxes (2nd quarter) 4,160 Professional salaries 1st quarter 145,600 2nd quarter 145,600 Interest from investments (2nd quarter) 7,280 Overhead costs: 1st quarter 2nd quarter 80,080 104,000 Selling and administrative costs, including $2.080 depreciation 1st quarter 52,000 2nd quarter 72,800 Purchase of equipment (2nd quarter) 52,000 Sale of equipment (1st quarter) 12.480 Collections from clients 1st quarter 2nd quarter 244,400 395.200 200 Interest payments (2nd quarter) Prepare a cash budget for each of the first two quarters of 2020,