HW Score Score: 0 of 1 pt 4 of 5 2 completej > E9-29A (similar to) The Fielding Company is preparing its cash payments budget. The following items relate to cash payments the company 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 (if a box is not used in the table leave the box omply do not enter a zero) i More Info The Fielding Company Cash Payments Budget For the Months of April through June April May June Quarter Cash payments for direct materials 55% of current month purchases 45% of last month's purchases a. The company pays for $5 of is direct materials purchases in the month of purchase and the remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows: March April May June $ 113,000 $ 136.000 $ 129.000 $ 145,000 b. Direct laboris paid in the month in which it is incurred. Doctor for each month of the second quarter is budgeted as follows: April May June $ 52.000 62.000 S 77.000 c. Manufacturing overhead is estimated to be 150% of direct labor costeach months monthly estimate includes $30.000 of depreciation on the plant and equipment. Al manufacturing overhead (excluding depreciation is paid in the month in which is incurred d. Monthly operating expenses for March through June are projected to be as follows: April Enter any number in the edited and then click Check Answer S 73.000 $ 85.000 $ 7.000 90.000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include 35.000 for only depreciation on administrative offices and equipment, and $3,100 for baddest expense e. The company plans to pay $7.000 cash) for a new server in May 1. The company must make an estimated tax payment of $13.000 on June 15 6 remaining