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 2017. 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 $36,060 Required minimum cash balance 30,050 Payment of income taxes (2nd quarter) 4,808 Professional salaries: 1st quarter 168,280 2nd quarter 168,280 Interest from investments (2nd quarter) 8,414 Overhead costs: 1st quarter 92,554 2nd quarter 120,200 Selling and administrative costs, including $2,404 depreciation: 1st quarter 60,100 2nd quarter 84,140 Purchase of equipment (2nd quarter) 60,100 Sale of equipment (1st quarter) 14,424 Collections from clients: 1st quarter 282,470 2nd quarter 456,760 Interest payments (2nd quarter) 240 Prepare a cash budget for each of the first two quarters of 2017. (Do not leave any answer field blank. Enter o for amounts.) Beginning Cash Balance 36,060 $ 30,050 Adde Receipts Collections from Clients 282,470 456,760 Sale of Equipment e e e 14,424 Investment Interest 0 8,414 Total Receipts e 296,894 465,174 Total Cash Available 332,954 495,224 Less Disbursements Professional Salaries 280 168,280 Payment of Income Taxes e 0 4,808 Selling and Administrative Costs @ 0 60,100 Equipment Purchase Overhead Costs Total Disbursements Excess (Deficiency) of Cash Available Over Cash Disbursements Financing Borrowings Add Less Repayments Ending Cash Balance