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16 Thiel Compony has budgeted purchases of merchandise inventory of $456,000 in January and $530,500 in February. Assume Thiel pays for inventory purchases 40%5 in

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Thiel Compony has budgeted purchases of merchandise inventory of $456,000 in January and $530,500 in February. Assume Thiel pays for inventory purchases 40%5 in the month of the purchase and 60% in the month affer purchase. The Accounts Payable bylance on December 31 is $58,150. Prepare a schedule of cash payments for purchases for lanuary and Fetruary. (If an input field is not used in the table leave the input field enpty; do not enter a zoro.)

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