Exercise 23-19 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 Payment of income taxes (2nd quarter) Professional salaries: $38,190 31,825 5,092 1st quarter 2nd quarter 178,220 178,220 8,911 Interest from investments (2nd quarter) Overhead costs 1st quarter 2nd quarter 98,021 127,300 Selling and administrative costs, including $2,546 depreciation: 63,650 89,110 63,650 15,276 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter 299,155 483,740 255 Interest payments (2nd quarter)