The Mar Ltd has forecast the following sales for the first seven months of the year.

January	February	March	April	May	June	July
$13,000	$15,000	$17,000	$23,000	$13,000	$19,000	$21,000

Monthly material purchases are set equal to 35 percent of forecasted sales for the next month. Of the total material costs, 40 percent are paid in the month of purchase and 55 percent are paid in the following month.

Labour costs will run $4,600 per month, and fixed overhead is $2,300 per month. Interest payments on the debt will be $1,200 for both March and June.

Finally, the Mar Ltd sales people will receive a 2.5% commission on total sales for the first six months of the year, to be paid on June 30.

Required:

Prepare a month summary of cash payments for the six months from January through June.

Suggested format (i.e. optional)