15,ast 207,805 11426,475 1385,00 1095, sob 373450 4.50 47950on 290,500 .50 5) current following (5 points) The president does, however, believe that can deferred 20% of their selling and administrative cash costs into the month following the expense. This would create an increase to accounts payable at the end of each month equal to 20% of the current month's selling and administrative cash expenses (without depreciation). Complete the table below for the Cash Disbursements for Selling and Administrative expenses. pay 800 pay 20 Cash Disbursements for Selling & Administrative Expenses April May June Quarter Beginning accounts payable -O- April expenses May expenses June expenses Total cash disbursements for S & A expenses 184.880 E u pretion 7,601 La direct labor-hours needed for arter 61877.25 Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarte borrow money during this quarter to support peak sales of lawn care equipment, which occur during Me has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for April-July are: April $530,000 371,000 159,000 May $ 730,000 $11,000 219,000 June $430,000 301,000 129,000 July $ 330,000 231,000 99,000 Sales Cost of goods sold Gross margin Selling and administrative expenses: Selling expense Administrative expense" Total selling and administrative expenses Net operating income 73,000 41,500 114,500 44,500 93,000 55,200 148,200 70,800 54,000 33,800 87,800 41,200 33,000 31,000 64,000 35,000 $ $ $ *Includes $15,000 of depreciation each month. b. Sales are 20% for cash and 80% on account. C. Sales on account are collected over a three-month period with 10% collected in the month of sale 80 following the month of sale and the remaining 10% collected in the second month following the mon Next