K Cash disbursements schedule Maris Brothers, Inc., needs a cash disbursement schedule for the months of April, May, and June Use the format given here w its preparation Sales February $508,000, March $483,000, April $571,000; May $595,000 June $630,000 July $629,000 and the following information in Purchases: Purchases are calculated as 61% of the next month's sales, 10% of purchases are made in cash, 53% of purchases are paid for 1 month after purchase, and the remaining 37% of purchases are paid for 2 months after purchase Rent: The firm pays rent of $7.990 per month. Weges and salaries: Base wage and salary costs are fixed at $5,000 per month plus a variable cost of 7.4% of the current month's sales Tees A tax payment of $54,000 is due in June Fixed asset outlays: New equipment costing $74,800 will be bought and paid for in Apri Interest payments: An interest payment of $29,600 is due in June Cash dividends Dividends of $12.200 will be paid in April Principal repayments and retirements No prinopal repayments or retinements are due during these months Schedule of Projected Calih Disbursements for Maris Brothers, Inc. Sales Disbursements Feb Mar Apr Purchases $ Cash $ 1 month delay $ 2 month delay $ Rent $ Wages and salary Fixed ' Variable $ T $ Fixed assets $ Interest $ $ Cash dividends Total Nishante May Jun 3 tid esti Sales Disbursements Purchases Cash 1 month delay uesti 2 month delay Rent Wages and salary Questi Fixed Variable Questi Taxes Questi Fixed assets Interest Cash dividends Questi Total Disbursements Feb Mar Apr May Jun Jul