Problem 4-20 (Algo) Schedule of cash payments [LO4-2] Uitravision Incorporated anticipates sales of $460,000 from January through April Matenals will represent 50 percent of sales, and because of level production, material purchases will be equal for each month during the fout months of January, February, March, and Apri) Materials are paid for one month after the month purchased Materiais purchased in December of last year were $42,000 (half of $84,000 in sales; Labor costs for each of the four months are slightly different due to a provision in the labor contract in which bonuses are paid in February and April The labor figures are Fixed overhead is $28,000 per month Prepare a schedule of cash payments for January through April Note: Assume the $460,000 of sales occur equally over the four months of January through April, i.e. Monthly sales =$460,000 - 4. Input your answer as positive a value. Fixed overhead is $28,000 per month Prepare a schedule of cash payments ior January through Apill Note: Assume the $460,000 of sales occur equally over the four months of January through April, i.e. Monthly sales =$460,000 - 4. Input your answer as positive a value