Ch 20: Assessment i 6 16.7 points Saved Zisk Company purchases direct materials on credit. Budgeted purchases are April, $81,000; May, $111,000; and June, $121,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $71,000. Prepare a schedule of cash payments for direct materials for April, May, and June. Materials purchases Cash payments for: ZISK COMPANY Schedule of Cash Payments for Direct Materials Total cash payments April May June