9 Points The Hepworth Ltd has forecast the following sales for the first seven months of the year January February March April May June July 314,000 $16.000 518,000 524000 $14.000 $20,000 $22,000 Monthly material purchases are set equal to 38 percent of forecasted sales for the next month of the total material costs, 35 percentare paid in the month of purchase and 65 percent are paid in the following month. Labour costs will run 54,700 per month, and fived overhead i5 82.400 per month. Interest payments on the debt will be $1,400 for both March and June Finally, the Hepworth itd sales people will receive a 3.0 commission on total sales for the first six months of the year to be paid on line 30 Required: Prepare a month summary of cash payments for the six months from January through June Suggested format options