The Bentfield 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 iClick the icon to view the cash payment information.) 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 Bentfield Company Cash Payments Budget For the Months of April through June May April June Quarter Cash payments for direct materials: 74,800 $ 67,100 $ 78,650 S 220,550 55% of current month purchases 169,200 53,100 61,200 54,900 45% of last month's purchases Cash payments for direct labor 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: June April May $54,000 69,000 44,000 c. Manufacturing overhead is estimated to be 140% of direct labor cost each month. This monthly estimate includes $37,000 of depreciation on the plant and equipment All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthly operating expenses for March through June are projected to be as follows May June March April $ 85,000 93,000 84,000 76,000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include $14,000 for monthly depreciation on administrative offices and equipment, and $3,000 for bad debt expense. e. The company plans to pay $5,000 (cash) for a new server in May f. The company must make an estimated tax payment of $14,500 on June 15