Tho Gammaro Company is prepating is cash payments budgot. The following dems relate to cash payments the company andicipates making during the second cuarter of ite upcoming year (i) (Click tho ioon to vicw the cash payment information) Requirement Prepare a cash payments budget for April, Miry, and June and for the quarfer, (ff a box is not used in the tablo leave se box emply, do not entor a anco.) More info a. The company pays for 50W of its direct materials purchases in the month remainder the foliowing month. The company's divet midenal purchases a. The company pays for 50% 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: 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: c. Manufacturing overhead is estimated to be 130% of direct labor cost each month. This monthly estimate includes $39,000 of depreciation on the plant and equipment. All manufacturing overhead (excluding depreciation) is paid in the month in which it is incurred. d. Morthly operating expenses 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 $9,000 for monthly depreciation on administrative offices and equipment, and $3,000 for bad debt expense. e. The company plans to pay $8,000 (cash) for a new server in May. f. The company must make an estimated tax payment of $11,000 on June 15