The Fielding Company is preparing its cast payrents budgot. The following terns relate to cash payments the company anticipates making during the sucond quarter of the upcoming year, (1) (Cick the icon fo yiew the cash poyment information? Requirement Prepare a cash payments budget for Apri, Myy, and iuune and for the quarter (it a box is not ined in the table leave the box empty; do not enter a zero) quirement epare a cash pay 3. 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 arn anticinated 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: Cash payments for 55% of current n c. Manutacturing overheod is estimated to be 160% of direct labor cost each month. This monthly estimate includes $34,000 of depreciation on the plant and equipment. Al manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Monthiv oberatina exoenses 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 $15,000 for monthly depreciation on administrative offices and equipment, and $3,300 for bad debt expense. e. The company plans to pay $4,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $11,500 on June 15