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: $33,870 28,225 4,516 1st quarter 2nd quarter 158,060 158,060 7,903 Interest from investments (2nd quarter) Overhead costs: 1st quarter 2nd quarter 86,933 112,900 Selling and administrative costs, including $2,258 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 56,450 79,030 56,450 13,548 1st quarter 2nd quarter 265,315 429,020 226 Interest payments (2nd quarter) Prepare a cash budget for each of the first two quarters of 2017. (Do not leave any answer field blank. Enter 0 for amounts.)