July August September Merchandise purchases 210,000 180,000 220,000 Payroll, rent, and other expenses 96,000 41,000 51.000 All merchandise is purchased on credit 20% of the balance is paid in the month of the purchase and the remaining 80% is paid in the month following the purchase. The balance of accounts payable on July 1 was $100,000, which reflected the unpaid portion of June merchandise purchases All other cash expenses are paid in the month Incurred Included in the payroll rent, and other expenses is $10,000 of depreciation expense each month, Complete the following blanks to prepare the schedule of cash payments. If a blank has an amount of $0, you are required to enter o Schedule of Cash Payments July August September June merchandise purchases July merchandise purchases August merchandise purchases September merchandise purchases Payroll, rent, and other expenses Totalcarsh payments