Cash disbursements scheduleMaris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June. Use the format given here

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and the following information in its preparation.Sales: February

$ 524 comma 000$524,000;

March

$ 501 comma 000$501,000;

April

$ 583 comma 000$583,000;

May

$ 626 comma 000$626,000;

June

$ 645 comma 000$645,000;

July $ 660 comma 000$660,000Purchases: Purchases are calculated as

61 %61%

of the next month's sales,

10 %10%

of purchases are made in cash,

55 %55%

of purchases are paid for 1 month after purchase, and the remaining

35 %35%

of purchases are paid for 2 months after purchase.Rent: The firm pays rent of

$ 8 comma 010$8,010

per month.Wages and salaries: Base wage and salary costs are fixed at

$ 5 comma 900$5,900

per month plus a variable cost of

6.7 %6.7%

of the current month's sales.Taxes: A tax payment of

$ 54 comma 700$54,700

is due in June.Fixed asset outlays: New equipment costing

$ 75 comma 400$75,400

will be bought and paid for in April.Interest payments: An interest payment of

$ 29 comma 800$29,800

is due in June.Cash dividends: Dividends of

$ 12 comma 200$12,200

will be paid in April.

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

Cash disbursements schedule Maris Brothers, Inc., necds a cash disbursement schcdule tor the months of April, May, and June. Use the tormat given here and the tollowing intormation in its preparation Sales. February $524,000, March $501,000, April $583,000, May $826,000, June S645,000, July S660,000 Purchases Purchases are calculated as 61% o the next month's sales 10% o purchases are made in casi 5 %of purchases are paid or 1 m Rent: The firm pays rent of $8,010 per month Wages and salanes. Base wage and salary costs are xed at $5 900 per month plus a arable cost 6/% of the current mo ns sales. Taxes A tax payment of $54,700 is due in June th a er purchase and the remaining o un ases are e or months a erou ase ed asset outlays: New equipment costng $75.400 will be bought and paid for in April. Interest paymenfs An interest payment of S29,800 is due in June Cash didonos Dvidends of $12,200 will be paid in April Principal repayments and refirements No principal repayments or retirements are de during these months