Preparing an Accounts Payable Schedule Pilsner Inc. purchases raw materials on account for use in production. The direct materials ected purchases 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? $374,400 411,200 416,000 2. How much cash is expected for payments on account in June