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		$35,400
Required minimum cash balance		29,500
Payment of income taxes (2nd quarter)		4,720
Professional salaries:
1st quarter		165,200
2nd quarter		165,200
Interest from investments (2nd quarter)		8,260
Overhead costs:
1st quarter		90,860
2nd quarter		118,000
Selling and administrative costs, including
$2,360 depreciation:
1st quarter		59,000
2nd quarter		82,600
Purchase of equipment (2nd quarter)		59,000
Sale of equipment (1st quarter)		14,160
Collections from clients:
1st quarter		277,300
2nd quarter		448,400
Interest payments (2nd quarter)		236

Prepare a cash budget for each of the first two quarters of 2020. Please give steps on how to get the answers of the missing answers

PLETCHER DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2020 1st Quarter Beginning Cash Balance 35400 $ Add V: Receipts Collections from Clients 277300 Sale of Equipment 14160 Investment Interest i Total Receipts 291460 Total Cash Available 326860 Less V: Disbursements Professional Salaries 165200 i Payment of Income Taxes i Selling and Administrative Costs 56640 i Equipment Purchase i Overhead Costs 90860 i Total Disbursements 312700 Excess (Deficiency) of Cash Available Over Cash Disbursements Financing Add V: Borrowings 100 Less Repayments Ending Cash Balance $ $ 1st Quarter 2nd Quarter ce 35400 $ 29500 pts nts 277300 448400 14160 i i 8260 291460 456660 326860 486160 ursements 165200 i 165200 i axes i 4720 i ative Costs 56640 i 80240 i i 59000 i 90860 i 118000 i 312700 i 427160 Cash Available Over Cash Disbursements swings vments 1.0 fo. $