Help Save & ERR Submit Check my work Problem 4-21 Schedule of cash payments (L04-21 The Derwer Corporation has forecast the following sales for the first seven months of the year January 3 20,000 February 20.000 March 30.000 Apr 36, Bee May 26,000 June 32,000 Holy 34.000 Monthly material purchases are set equal to 20 percent of forecast sales for the next mooth of the total material costs, 30 percent are paid in the month of purchase and 70 percent in the following month Labor costs will run $5 600 per month, and faxed overheads $10.000 per month Intetest payments on the debt will be $4600 for both March and June. Finally, the Denver Salesforce will receive a 100 percent commission on total sales for the first six months of the year to be paid on June 30 Prepare a monthly summary of casi payments for the six-month period from January through June. (Note Compute prior December purchases to help get total material payments for January HW Help Save & Exit Sum Check my werk paid in the month or purchase and percent in the sonowing mom Or COSTS w run 3.0 per month and red overheads $10,000 per month Interest payments on the debt will be $4600 for both March and June. Finally, the Denver Salesforce will receive a 100 percent commission on total sales for the first six months of the year to be paid on June 30 Prepare a month summary of cash payments for the six- month period from January through June (Note: Compute prior December purchases to help get total material payments for January) Deconber Aprill May June July 5.200 Sales Punch Payment Monthloborcom Monthly had De Corporation Cash Payments Schedule January February March 5 25000 28.000 5.000.000 5,320 6.720 5.600 5.600 10.000 10 000 ol o 0 1 20.920 21.3205 Sales como Total OS OS 1 Prey 910 Ned>