Preparing an Accounts Payable Schedule Pilsner Inc. purchases raw materials on account for use in production. The direct materilals purchases budget shows the following expected purchases on account $374,400 11,200 416,000 April May June Pilsner typically pays 25% on account in the month of billing and 75% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June