Preparing a financial budget-schedule of cash payments Barnes Company budgcted direct materials purchases of $191,990 in January and $138,610 month of purchase and 40% in the month after purchase. The Accounts Payable balance on January 1 is $75,000. Preparc a schedulc of cash payments for purchascs for January and February. Round to the nearest dollar in Februar. Assume Barnes pays for direct materials purchases 60% in the Cash Payments January February Total direct materials purchases January February Cash Payments Direct Materials: Accounts Payable balance. January Jan-Jan. direct material purchases paid in Jan Jan.-Jan. direct material purchases paid in Feb. Feb- Feb. direct material purchases paid in Feb Total payments for direct materials