The Prince Albert Corporation has forecast the following salesfor the first seven months of the year.

January		$11,000	May		11,000
February		13,000	June		17,000
March		15,000	July		19,000
April		21,000

Monthly material purchases are set equal to 20 percent offorecasted sales for the next month. Of the total material costs,30 percent are paid in the month of purchase and 70 percent arepaid in the following month. Labour costs will run $4,100 permonth, and fixed overhead is $2,500 per month. Interest payments onthe debt will be $3,100 for both March and June. Finally, thePrince Albert sales people will receive a 1.0 percent commission ontotal sales for the first six months of the year, to be paid onJune 30.

Prepare a monthly summary of cash payments for the six monthsfrom January through June. (Note: Compute prior December purchasesto help get total material payments for January.)

Prince Albert Corporation Cash Payments Schedule
	December	January	February	March	April	May	June	July
Sales		$	$	$	$	$	$	$
Purchases	$
Current month payment
Prior month payment
Total payment for materials
Labour costs
Fixed overhead
Interest payments
Sales commission
Total cash payments		$	$	$	$	$	$