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 $38,190 Required minimum cash balance 31,825 Payment of income taxes (2nd quarter) 5,092 Professional salaries: 1st quarter 178,220 2nd quarter 178,220 Interest from investments (2nd quarter) 8,911 Overhead costs: 1st quarter 98,021 2nd quarter 127,300 Selling and administrative costs, including $2,546 depreciation: 1st quarter 63,650 2nd quarter 89,110 Purchase of equipment (2nd quarter) 63,650 Sale of equipment (1st quarter) 15,276 Collections from clients: 1st quarter 299,155 2nd quarter 483,740 Interest payments (2nd quarter) 255

Question 5 --/5 View Policies Current Attempt in Progress 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. $38,190 31,825 5,092 178,220 178,220 8,911 98,021 127,300 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 $2,546 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 63,650 89,110 63,650 15,276 299,155 483,740 255 Prepare a cash budget for each of the first two quarters of 2017. (Do not leave any answer field blank. Enter o for amounts.) 1st Quarter 2nd Quarter $