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DK Corporation is preparing is cash payments budget. The following compete to cash payments that Dk Corporation anticipates during the second quarter of the upcoming year. (Click the icon to view the cash payment information) Requirement 1. Prepare a cash payments budget for Apr May and done and for the owner Leave any unused cells blank.) une Quar DK Corporation Cash Payments Bogel For the Months of farlig April May Cavi Day for direct man Current month's purchases Price mort's purchases Cash payments for direct about Catheerts for manufacturing overhead Cashment operating penses Caso news Cabel for the Toyman a. DK Corporation pays for 45% of its direct materials purchases in the month of purchase and the remainder the following month. DK Corporation's direct material purchases for March through June are anticipated to be as follows: March April May June $ 117,000 $ 134,000 $ 129,000 $ 147,000 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: April May June 50,000 60,000 $ 75,000 c. Manufacturing overhead is estimated to be 150% of direct labour cost each month. This monthly estimate includes $33,000 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 April May June $ 76,000 87.000 $ 85,000 92.000 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 $2,700 for bad debt expense e. DK Corporation plans to pay $6,000 (cash) for a new server in May 1. DK Corporation must make an estimated tax payment of $14.500 on June 15. SR And Print Done