Montana Timber Company is in the process of of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of sales. Lumber purchases and payments are to be made during the preceding the month of sale. Wages are estimated at 15 percent of sales and are paid during the month of sale. Other operating costs amounting to 10 percent of sales are to be paid in the month following the month of sale. Additionally, a monthly lease payment of $12,000 is paid to BMI for computer services.

Sales revenue is forecast as follows:

February ---- $100,000

March ----- 160,000

April ----- 180,000

May ------ 210,000

June ------ 180,000

July ------ 230,000

Required:

Prepare a schedule of cash disbursements for April, May and June