Preparing an Accounts Payable Schedule

Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account:

April	$375,000
May	410,000
June	415,200

Wight typically pays 30% on account in the month of billing and 70% the next month.

Required:

1. How much cash is required for payments on account in May? $fill in the blank 1

2. How much cash is expected for payments on account in June? $fill in the blank 2