CASH BUDGET - ESTIMATING CASH PAYMENTS Carson Industries estimates its manufacturing and operating costs for the months of January through May to be the following amounts Manufacturing Operating Costs Expenses January $140,000 $85,000 February 118,000 78,000 March 247,000 95,000 April 150,000 78,500 May 112,000 89,000 Carson pays for 70% of its manufacturing costs in the month they are incurred. The remaining manufacturing costs are paid in the following month. All operating expenses are paid in the same month they are incurred. Of the amounts shown for manufacturing costs $5,000 per month represents depreciation on equipment. Operating expenses include $3,000 per month that represents the expiratiol of rent prepaid in December of last year. Carson will make a $17,000 tax payment in May. To-Do: Determine the amount of cash that Carson will pay for these items in the months of March, April, and May. The following shell may help you complete your calculations. March April May Manufacturing costs: (1) Payment on this month's costs ............... (2) Payment on last month's costs ............... Revised Operating EXpenses ........cc.vue. Tax Payments .........cooeevieeevccreneseeeesennns Total Cash Payments .....cccemeeicesnennee