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Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materiais purchases budget shows the following expected purchases on account: April $374,100 May 411,700 June 415,400 Wight typically pays 35% on account in the month of billing and 65% the next month, Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account In June