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Montana timber company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of

Montana timber company is in the process 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 month 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 forecast is as follows: Month Sales Revenue February $100,000 March 160,000 April 180,000 May 210,000 June 180,000 July 230,000 Prepare a schedule of cash disbursements for April, May and June

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