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The Prince Albert Corporation has forecast the following salos for the first seven months of the year: Monthly material purchases are set equal to 35

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The Prince Albert Corporation has forecast the following salos for the first seven months of the year: Monthly material purchases are set equal to 35 percent of forecasted sales for the next month. Of the total inaterial conts, 40 percemt are paid in the month of purchase and 60 percent are paid in the following month Labout costs will run $4.500 per month, and fixed people will receive a 2.5 percent commission on totat sales for the first six months of the yeat, to be pad on fune 30 . Prepare a monthly summary of cash payments for the sax months from January through June. (Note: Compute prior Decrumber purchases to help get total moterial payments for January)

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