Hardy Company reports budgeted merchandise purchases below. For those purchases, 30% of a month's purchases is paid in the month of purchase, and 70% 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 194,000 September 184,000 October 150,000 HARDY COMPANY Schedule of Cash Payments for Merchandise Purchases Merchandise purchases Cash payments for Current period purchases Prior period purchases Total cash payments for merchandise purchases September October $ 184,000 $ 150,000