question 2

Question 2 Other operating expenses according to the forecasted income statement are shown below: April May June Payroll $ 10,000 $ 11,000 $ 12,000 Rent expense 5,500 5,500 5,500 Insurance 800 800 800 Utilities 1,000 1,400 1,600 Other operating costs 5,000 5,000 5,000 Depreciation 1,000 1,000 1,000 Interest expense 600 600 600 Note that the monthly payroll, rent, utilities, other operating costs, and interest expense are paid in cash in the same month as the expense is incurred. The insurance expense is paid in January each year in advance for the whole year ($9,600 per year). In April, it must spend $10,000 on new equipment. Required: Show the cash disbursement for the month of April, May and June