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 $480,000; March $493,000; April $556,000; May $592,000; June $667,000; July $627,000 Purchases: Purchases are calculated as 61% of the next month's sales, 12% of purchases are made in cash, 54% of purchases are paid for 1 month after purchase, and the remaining 34% 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 $5,700 per month plus a variable cost of 6.9% of the current month's sales. Taxes: A tax payment of $54,600 is due in June. Fixed asset outlays: New equipment costing $75,200 will be bought and paid for in April. Interest payments: An interest payment of $30,500 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