Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here and the following information in its preparation. Sales: February $523,000; March $492,000; April $582,000; May $597,000; June $645,000; July $658,000 Purchases: Purchases are calculated as 63% of the next month's sales, 11% of purchases are made in cash, 49% of purchases are paid for 1 month after purchase, and the remaining 40% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $7,970 per month. Wages and salaries: Base wage and salary costs are fixed at $6,400 per month plus a variable cost of 6.9% of the current month's sales. Taxes: A tax payment of $54,800 is due in June. Fixed asset outlays: New equipment costing $75,500 will be bought and paid for in April. Interest payments: An interest payment of $29,900 is due in June. Cash dividends: Dividends of $12,100 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. wwwrrrrrrr - - - - Schedule of Projected Cash Disbursements for Maris Brothers, Inc. May Jun Jul Feb 523000 $ Mar 492000 $ Apr 582000] Sales $ Disbursements Purchases $ 313800 $ 295200 $ 349200 A Cash 1 month delay 2 month delay A A Rent A Wages and salary Fixed A Variable A Taxes A Fixed assets A Interest A A Cash dividends Total Disbursements A