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 (Click the icon to view the cash payment information.) Requirement More Info Prepare a cash payments budget for April May and June and for the quarter (if a box is not used in the tableave the box empty do not enter a zero) The Bentfield Company Cash Payments Budget For the Months of April through June April May Cash payments for direct materials 55% of current month purchases 73700 67650 45% of last month's purchases 52200 60300 June Quarter a. The company pays for 55% 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 March April May June $ 118,000 $ 134,000 $ 123.000 $ 145,000 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 70700 55350 2 21050 1 67850 April May June S 58.000 $ 08,000 $ 81,000 c. Manufacturing overhead is estimated to be 160% of direct labor cost anch month This monthly estimale includes $31,000 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: March April May June S 77000 $ 85,000 S 87,000 $ 96 000 Monthly operating expenses are paid in the month after they are incurred. Monthly operating expenses include 59000 for monthly depreciation on administrative offices and equipment, and $3 100 for bad doblexponse. e. The company plans to pay $3.000 (cash) for a new server in May f. The company must make an estimated tax payment of $14,000 on June 15. Enter any number in the editolds and then click Check