ABC company expected to make instrument purchase in the first quarter of 2004 as follows: January 42.000. February 56.000. March 63.000. Purchase in December of 2003 is expected to be 70.000. The company expects that 10% of a month's purchases will be paid in the month of purchase and 90% will be paid in the following month. Required: Prepare cash disbursements budget for each month of the first quarter 2004