The Anderson Company is preparing its cash payments budget. The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year.

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Requirement

Prepare a cash payments budget for April, May, and June and for the quarter. $($If a box is not used in the table leave the box empty; do not enter a zero.$)$

The Anderson Company

Cash Payments Budget

For the Months of April through June

$1$: More Info

a$.$ The company pays for $50\%$ of its direct materials purchases in the month of purchase and the remainder the following month. The company's direct material purchases for March through June are anticipated to be as follows:

b$.$ Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows:

d$.$ Monthly operating expenses for March through June are projected to be as follows:

Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $$8,000$ for monthly depreciation on administrative offices and equipment, and $$3,200$ for bad debt expense.

e$.$ The company plans to pay $$2,000($cash$)$ for a new server in May.

f$.$ The company must make an estimated tax payment of $$13,500$ on June $15.$