Exercise 21-19 Your answer is partially correct. Try again 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 Required minimum cash balance $31,290 26,075 4,172 Payment of income taxes (2nd quarter) Professional salaries: 1st quarter 2nd quarter 146,020 146,020 7,301 Interest from investments (2nd quarter) Overhead costs 80,311 1st quarter 2nd quarter 104,300 Selling and administrative costs, including $2,086 depreciation: 52,150 73,010 52,150 12,516 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter 245,105 396,340 209 Interest payments (2nd quarter)