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 $373,200 May 411,200 June 416,100 Wight typically pays 25% on account in the month of billing and 7 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