a. The company pays for 55% of its direct materials purchases in the month of purchase and the remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows: March April May June $ 111,000 $ 138,000 $ 127,000 $ 146,000 b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows: April May June $ 44,000 $ 54,000 $ 69,000 c. Manufacturing overhead is estimated to be 150% of direct labor cost each month. This monthly estimate includes $34,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows: March April May June $ 76,000 $ 84,000 $ 88,000 $ 92,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $14,000 for monthly depreciation on administrative offices and equipment, and $2,800 for bad debt expense. e. The company plans to pay $4.000 (cash) for a new server in May. The Beetfield Company in preparing is cath payments budgnt. The following terms relate to cash payments the company anticipates making during the second quarter of the upcoming your Click the loon to view the cash payment information) Requirement Prepare a cash payments budget for April, May, and June and for the quarter. (If a box is not used in the table nove the box amply, do not enter a zor) Quarter June May The Bentfeld Company Cash Payments Budget For the Months of April through June April Cash payment for directa 56% of current month purchases 45% of last mont's purchase