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Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $89,000; May, $119,000; and June, $129,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $31,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases 70% 30% Ending accounts payable Total purchases $ 0 $ 0 $ Zisk Co. May June Schedule of Cash Payments For April, May, and June April Cash payments for: Current month purchases Prior month purchases Budgeted cash payments for materials Required information [The following information applies to the questions displayed below.] Project A requires a $305,000 initial investment for new machinery with a five-year life and a salvage value of $41,500. The company uses straight-line depreciation. Project A is expected to yield annual net income of $25,400 per year for the next five years. Compute Project A's payback period. Payback Period Choose Numerator: Choose Denominator: Payback Period Payback period 1 III =