Cash Payments Schedule Fein Company provided the following intormation relating to cash payments: smounts: b. Fein pays 20% of accounts payable in the month of purchase and the remaining 80% in the following month. c. In July, direct labor cost was 532,800 . August direct labor cost was $35,400. The company finds that typically 90% of direct labor cost is paid in cash during the month, with the remainder paid in the following month. d. August overhead amounted to $78,200, induding $6,350 of depreciation. c. Fein had taken out a 4-month loan of 520,000 on May 1. Interest, due with payment of principal, accrued at the rate of 9% per year. The loan and all interest were repaid on August 31. (Note: Use whole manths to compute interest payment.) Requiredt Prepare a schedule of cash payments for Fein Company for the month of August. Be sure to enter percentages as whole numbers. repald on August 31. (Nole: Use whole months to compute interest payment.) Required: Prepare a schedule of cash payments for Fein Company for the month of August. Be sure to enter percentages as whole numbers