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 $488,000; March $516,000; April $579,000; May $593,000; June $645,000; July $656,000

Purchases: Purchases are calculated as 63% of the next month's sales, 12% of purchases are made in cash, 49% of purchases are paid for 1 month after purchase, and the remaining 39% of purchases are paid for 2 months after purchase

Rent: The firm pays rent of $8 030 per month

Wages and salaries. Base wage and salary costs are fixed at $5,700 per month plus a variable cost of 7.4% of the current month's sales Taxes: A tax payment of $54,300 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 $30,300 is due in June

Cash dividends: Dividends of $12,700 will be paid in April.

Principal repayments and retirements: No principal repayments or retirements are due during these months.