1. 80% of a quarters merchandise purchases are paid for within the quarter. The remainder is paid for in the following quarter. 2.0perating expenses for next year are budgeted at $50,000 per quarter plus 15% of sales. Of the fixed amount, $20,000 each quarter is depreciation. 3.The company will pay $10,000 in dividends each quarter. 4. Equipment purchases of $85,000 will be made in second quarter, and purchases of will be made in the third quarter purchases will be for cash. the company has no loans outstanding. Prepare a cash budget, by quarter and in total, for next year