Question 5 of 6 -15 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 MacBook Air DII F10 F7 FB F9 20 F 5 F615 $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 PLETCHER DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2020 # 1 st Quarter and Quarter 29 $ 35400 $ Beginning Cash Balance Add + : Receipts MacBook Air 40) 72 44 DII F10 F5 F6 F7 FB F9 F1 F2 F3 BOO F4 esc $-15 PLETCHER DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2020 - 1 st Quarter 2nd Quarter Beginning Cash Balance $ 35400 $ 29! Add Receipts 448 Collections from Clients 59000 Sale of Equipment 14160 14 Investment Interest Total Receipts Total Cash Available Less + : Disbursements Professional Salaries Payment of Income Taxes MacBook Air 44 esc 2 F2 80 F3 880 FA F5 F6 F7 FB A 8 O 2 3 A. 5 W EQuestion 5 of 6 - 15 3 : Professional Salaries Payment of Income Taxes Selling and Administrative Costs Equipment Purchase Overhead Costs Total Disbursements Excess (Deficiency) of Cash Available Over Cash Disbursements Financing Add + : Borrowings Less # : Repayments O Ending Cash Balance $ Save for Later Last saved 21 minutes ago. Attempts: 0 of 7, used Submit Answer MacBook Air 20 44 860 F4 F6 F7 FB F9 esc F2 F3 F5 @ O 3 4 5