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 $36,900 Required minimum cash balance 30,750 Payment of income taxes (2nd quarter) 4,920 Professional salaries: 1st quarter 172,200 2nd quarter 172,200 Interest from investments (2nd quarter) 8,610 Overhead costs: 1st quarter 94,710 2nd quarter 123,000 Selling and administrative costs, including $2,460 depreciation: 1st quarter 61,500 2nd quarter 86,100 Purchase of equipment (2nd quarter) 61,500 Sale of equipment (1st quarter) 14,760 Collections from clients: 1st quarter 289,050 2nd quarter 467,400 Interest payments (2nd quarter) 246 Prepare a cash budget for each of the first two quarters of 2020. PLETCHER DENTAL CLINIC Cash Budget 1st Quarter 2nd Quarter $ $ : : : : $ $ Click if you would like to Show Work for this question: Open Show Work