Cash Disbursement

Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at $70$ percent of sales. Lumber purchases

and payments are to be made during the month preceding the month of sale. Wages are estimated at $15$ percent of sales and are paid during the month of

sale. Other operating costs amounting to $10$ percent of sales are to be paid in the month following the month of sale. Additionally, a monthly lease payment

of $$14,000$ is paid for computer services. Sales revenue is forecast as follows

Required

Prepare a schedule of cash disbursements for April, May, and June.

Do not use a negative sign with your answers.