Ihe Samson Company is preparing its cash payments budget. The fotowing terms relate to cash payments the company ant cipales maving during the socond quarfer of mie upcoming year (1. (Click the icon to vew the cash payment informabion). Requirement Prepare a cash payments bucget for Apni, May, and June and for the quarter. of a box is not used in the fable loave the box eriply, do not enter a zero ) a. The company pays for 50% of its 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: b. Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows: c. Manufacturing overhead is estimated to be 130% of direct labor cost each month. This monthly estimate includes $32,000 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: Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $12.000 for monthly depreciation on administrative offices and equipment, and \$3. 100 for bad debt expense. e. The company plans to pay $6,000 (cash) for a new server in May. d. Wonthly operating expenses for March through June are projected to be as follows: Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $12,000 for monthly depreciation on administrative oflices and equiment and 53.100 for bad debt expense. e. The company plans to pay $6,000 (cash) for a ney, sever in May f. The company must make an estimated tax payment of 312,500 on wune 15