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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.

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

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