King Fisher Aviation purchases from suppliers in a quarter are equal to 65% of the next quarter's forecast sales. The payables period is 30 days. Wages, taxes, and other expenses are 25% of sales, and interest and dividends are $68 per quarter. Projected quarterly sales are as follows. Quarter 1 $1,300 Quarter 2 $1,400 Quarter 3 $1,400 Quarter 4 $1,200 Sales for the first quarter of the next year are projected to be $1,500. Calculate the company's cash outlays, by completing the following for each of the four quarters. Payment of accounts Wages, taxes, and other expenses Long-term financing expenses (interest and dividends) Total Fill in the values in the spreadsheet.

		Input Area:
		Purchases (% of sales)	65%
		Projected sales Q(1) next year	$1,500
		Expenses (% of sales)	25%
		Payables period	30	days
		Interest & dividends per Q	$68
			Q1	Q2	Q3	Q4
		Sales	$1,300	$1,400	$1,400	$1,200
		Output Area:
		With a payables period of	30
			Q1	Q2	Q3	Q4
		Payment of accounts
		Wages, taxes, other expenses
		Long-term financing expenses
		Total