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. $32.400 27,000 4,320 151,200 151,200 7.560 mous 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 $2.160 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from dients: 1st quarter 2nd quarter Interest payments (2nd Quarter 83,160 108,000 54,000 75,600 54,000 12.960 253,800 410.400 216 Prepare a cash budget for each of the first two quarters of 2020 PLETIER DENTAL CLINIC Cash Budget 1 Quarter Cash Budget 1 Quarter Quarter