10.00 points The Torrey Pine Corporation's purchases from suppliers in a quarter are equal to 80 percent of the next quarter's forecast sales. The payables period is 60 days. Wages, taxes, and other expenses are 20 percent of sales, and interest and dividends are $80 per quarter. No capital expenditures are planned Projected quarterly sales are shown here 02 Sales $2,280 $2,580 $2,280 $1,980 04 Sales for the first quarter of the following year are projected at $2,610. Calculate the company's cash outlays by completing the following (Do not round intermediate calculations Round your answers to 2 decimal places, e.g., 32.16.) 01 04 $180.5 456 80 Payment of accounts 516 456 396 Wages, taxes, other expenses Long-term financing expenses 80 80 80 (interest and dividends) Total References eBook & Resources Worksheet Difficulty: Basic Leaming Objective: 18-03 The essentials of s financial planning