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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 Interest from investments (2nd quarter) Overhead costs 165,200 8.260 1st quarter 90,860 118.000 2nd quarter Selling and administrative costs, including $2.360 depreciation 1st quarter 59,000 2nd quarter 32600 Purchase of equipment (2nd Quarter 59.000 Sale of equipment (1st quarter) 14.160 Collections from clients 1st quarter 277.300 2nd quarter 48,400 234 Interest payments (2nd quarter Prepare a cash budget for each of the first two quarters of 2020, PLETCHER DENTAL CLINIC Cash Budget 1" Quarter 2nd Quarter : . Sale of Equipment Total Cash Available Total Disbursements Ending Cash Balance Borrowings Selling and Administrative Costs Overhead Costs Total Receipts Beginning Cash Balance Repayments Payment of Income Taxes Professional Salaries Excess (Deficiency) of Cash Available Over Cash Disbursements Investment Interest Equipment Purchase Collections from Clients Disbursements Financing Receipts

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