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 27,000 4,320 151,200 151,200 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 $2,160 depreciation: 7,560 83,160 108,000 1st quarter 54,000 75,600 54,000 12,960 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 253,800 410,400 216 Prepare a cash budget for each of the first two quarters of 2020. PLETCHER DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2020 1st Quarter 2nd Quarter sh Balance $ Receipts Com Clients ment terest ailable Total Disbursements On Salaries ncome Taxes ministrative Costs urchase sts ements INT iency) of Cash Available Over Cash Disbursements Total Disbursements Salaries ncome Taxes dministrative Costs urchase Ists 10 10.0.0 ements jency) of Cash Available Over Cash Disbursements Borrowings