Hardy Company reports budgeted merchandise purchases below. For those purchases, 40% of a month's purchases is paid in the month of purchase, and 60% is paid in the first month after purchase. Prepare the schedule of cash payments for merchandise purchases for September and October. August Budgeted merchandise purchases 197,000 September October 177,000 160,000 HARDY COMPANY Schedule of Cash Payments for Merchandise Purchases September October $ 177,000 $ 160,000 Merchandise purchases Cash payments for Current period purchases Prior period purchases Total cash payments for merchandise purchases $ 0 $