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 $30,600 Required minimum cash balance 25,500 Payment of income taxes (2nd quarter) 4,080 Professional salaries: 1st quarter 142,800 2nd quarter 142,800 Interest from investments (2nd quarter) 7,140 Overhead costs: 1st quarter 78,540 2nd quarter 102,000 Selling and administrative costs, including $2,040 depreciation: 1st quarter 51,000 2nd quarter 71,400 Purchase of equipment (2nd quarter) 51,000 Sale of equipment (1st quarter) 12,240 Collections from clients: 1st quarter 239,700 2nd quarter 387,600 Interest payments (2nd quarter) 204 Prepare a cash budget for each of the first two quarters of 2020