DS Corporation is preparing its cash payments budget. The following items relate to cash payments that DS Corporation anticipates making during the second quarter of the upcoming year. (Click the icon to view the cash payment information.) Requirement Prepare a cash payments budget for April, May, and June, and for the quarter. (Leave any unused cells blank.) DS Corporation Cash Payments Budget For the Months of April through June April May June Quarter Cash payment information a. DS Corporation pays for 60% of its direct materials purchases in the month of purchase and the remainder the following month. DS Corporation's direct material purchases for March through June are anticipated to be as follows: March April $ 113,000 $ 144,000 May June $ 129,000 $ 140,000 Cash payments for direct materials: b. Direct labour is paid in the month in which it is incurred. Direct labour for each month of the second quarter is budgeted as follows: Current month's purchases Prior month's purchases Cash payments for direct labour Cash payments for manufacturing overhead Cash payments for operating expenses Cash payments for new server Cash payment for taxes Total cash payments Enter any number in the edit fields and then click Check Answer. April May June $ 56,000 $ 66,000 $ 86,000 c. Manufacturing overhead is estimated to be 150% of direct labour cost each month. This monthly estimate includes $39,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows: March $ 77,000 $ April 86,000 May $ 85,000 $ June 97,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $14,000 for monthly depreciation on administrative offices and equipment, and $2,800 for bad debt expense. e. DS Corporation plans to pay $3,000 (cash) for a new server in May. d. Monthly operating expenses for March through June are projected to be as follows: March $ 77,000 $ April 86,000 May June $ 85,000 $ 97,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $14,000 for monthly depreciation on administrative offices and equipment, and $2,800 for bad debt expense. e. DS Corporation plans to pay $3,000 (cash) for a new server in May. f. DS Corporation must make an estimated tax payment of $14,500 on June 15