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 $486,000; March $489,000; April $544,000; May $588,000; June $669,000; July $674,000 Purchases: Purchases are calculated as 56% of the next month's sales, 10% of purchases are made in cash, 55% 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 $8,040 per month. Wages and salaries: Base wage and salary costs are fixed at $6,400 per month plus a variable cost of 7.3% of the current month's sales. Taxes: A tax payment of $54.500 is due in June Fixed asset outlays: New equipment costing $75,100 will be bought and paid for in April. Interest payments: An interest payment of $30,200 is due in June. Cash dividends: Dividends of $12.000 will be paid in April. Principal repayments and retirements: No principal repayments or retirements are due during these months. Complete the cash disbursements schedule for Maris Brothers, Inc. below: (Round to the nearest dollar.) Schedule of Projected Cash Disbursements for Maris Brothers, Inc. May Jun Jul Feb $C Sales Mar $ C Apr $ D Sales [ Disbursements Purchases Cash 1 month delay 2 month delay Dont . Rent Wages and salary Fixed Variable Taxes Fixed assets Interest Cash dividends Total Disbursements $ |