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 $479,000; March $511,000; April $551,000; May $606,000; June $675,000; July $671,000 Purchases: Purchases are calculated as 57% of the next month's sales, 12% of purchases are made in cash, 53% of purchases are paid for 1 month after purchase, and the remaining 35% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $8,010 per month. Wages and salaries: Base wage and salary costs are fixed at $6,400 per month plus a variable cost of 7.2% of the current month's sales. Taxes: A tax payment of $54,300 is due in June. Fixed asset outlays: New equipment costing $75,400 will be bought and paid for in April. Interest payments: An interest payment of $30,300 is due in June. Cash dividends: Dividends of $12,300 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. Feb Mar Apr May Jun Jul Sales Disbursements Purchases $ $ s Cash 1 month delay 2 month delay Wages and salary Fixed Variable Taxes Fixed assets Interest Cash dividends