Timber Company is in the process of preparing its budget for next year. Cost of goods sold has been estimated at 70 percent of sales. Lumber purchases and payments are to be made during the month preceding the month of sale. Wages are estimated at 15 percent of sales and are paid during the month of sale. Other operating costs amounting to 10 percent of sales are to be paid in the month following the month of sale. Additionally, a monthly lease payment of $44,000 is paid for computer services. Sales revenue is forecast as follows

Month Sales Revenue

February $200,000

March 240,000

April 250,000

May 290,000

June 270,000

July 310,000

Required

Prepare a schedule of cash disbursements for April, May, and June.

Do notuse a negative sign with your answers.

Timber Company

Schedule of Cash

Disbursements

April, May, and June

April May June

Lumbers purchases ______ ______ _______

Wages ______ ______ _______

Operating expenses ______ ______ _______

Lease payment 44,000 44,000 44,000

Total disbursements ______ _______ ________

Fill in the blanks with values