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The Anderson Compeny is preparing is cash payments budgot. The following tems relate to cash payments the conpany anticipatos meling durng the second quarter of the upcorring yeae. (. (Click the ioon 10 view the eash payment information) Requirement Prepare a cash poyments budget for Aprit, May, and June ond for the quarter, (If a box is not used in the table loavo the box empty: do not erhar a rero) a. The company pays for 45% of its direct matorials purchases in the month of purchase and the remainder the following month. The company's direct matorial purchases for March through June remainder the following tis he as follows: b. Direct labor is paid in the month in which it is incurred. Direct labor ner each manth of the second nuarter is budooted as follows: c. Manufacturing overhead is estimated to be 160% of direct labor cost each month. This monthly estimate includes $37,000 of depreciation on the plant and equipment. All manufacturing overhend (excluding depreciation) is paid in the month in which it is incurred. d Mrnthlu ooeratina expenses for March through June are projected to be as follows: Monthly operating expenses are paid in the month affer they are incurred. Monthly operating expenses include $13,000 for monthly depreciation on adininistrative offices and equipment, and $2,800 for bad debt expense. 0. The company plans to pay $2,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $14,000 on June 15