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 $500,000; March $482,000; April $548,000; May $608,000; June $634,000; July $630,000 Purchases: Purchases are calculated as 55% of the next month's sales, 8% of purchases are made in cash, 51% of purchases are paid for 1 month after purchase, and the remaining 41% of purchases are paid for 2 months after purchase. Rent: The firm pays rent of $8,040 per month. Wages and salaries: Base wage and salary costs are fixed at $5,500 per month plus a variable cost of 7.2% of the current month's sales. Taxes: A tax payment of $54,600 is due in June. Fixed asset outlays: New equipment costing $74,700 will be bought and paid for in April. Interest payments: An interest payment of $29,700 is due in June. Cash dividends: Dividends of $13,000 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months