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 $36,000 Required minimum cash balance 30,000 Payment of income taxes (2nd quarter) 4,800 Professional salaries 1st quarter 168,000 2nd quarter 168,000 Interest from investments (2nd quarter) Overhead costs Ist quarter 92,400 2nd quarter 120,000 Selling and administrative costs, including $2,400 depreciation in quarter 60,000 and quarter 34,000 Purchase of equipment (2nd quarter) 60,000 Sale of equipment (Ist quarter) 14,400 Collections from clients: 1st quarter 282,000 2nd quarter 456,000 Interest payments (2nd Quarter) 240 Prepare a cash budget for each of the first two quarters of 2020. PLETCHER DENTAL CLINIC Cash Budget 1st Quarter 2nd Quarter