Darryls Devices Corporation budgets its cash flows on a monthly basis. To prepare the cash budget for the second quarter ending June 30, direct materials purchases were estimated to be as follows:

• May: $52,000
• June: $67,200
• July: $55,400

Accounts payable of $22,700 on April 30 are expected to be paid in full in May. All purchases of direct materials are on credit and are paid 60% in the month of sale and 40% the following month.

Required:

Complete the Schedule of Expected Payments for Direct Materials for the months of May, June, and July

	May	June	July	Total
Accounts payable, April 30
April purchases
May purchases
June purchases
Total cash payments