Problem 4-21 Schedule of cash payments [LO4-2] The Dcnver Corporation has forccast the following salcs for the first scven months of the ycar Januery35,000 May 35,000 February 37000 Junc41,000 March April 39,000 Jul 45.000 13,000 Interest payments an thede t wil be $5500 lor both March and Junt Fr alt the Uene sa storce wil rec er e 300 percent on total sales for the first six manths of the year, o be pard on June 30 Prepare a monthly summary of cash payments for the sx-month penod from January through Junc. (Note Compute prior December purchases to help gct total material payments for January Denver Corporation Cush Payments Schedule DecemberJanuary Februery March April Mary July Sales S 35000 S 3700D S 39045,000 5 35,000 5 41,000 S 43,000 Furchesee Payment to material purchases Monthly labor cost Monthly xed overheed Interest expenge 3alee commission expense Total payments