=+EX 22-21 Schedule of cash payments obj. 5

✔ Total cash payments in September,

$123,300 1030 Chapter 22 Budgeting On January 1, 2010, the controller of Gardeneer Tools Inc. is planning capital expenditures for the years 2010–2013. The following interviews helped the controller collect the necessary information for the capital expenditures budget:

Director of Facilities: A construction contract was signed in late 2009 for the construction of a new factory building at a contract cost of $13,000,000. The construction is scheduled to begin in 2010 and be completed in 2011.