Q3: Fluffernutter Forever purchases all direct materials on credit and plans to pay for purchases 45% in the same quarter as the purchase and 55% paid in the quarter after the purchase. The January 1 balance in accounts payable is $20000 and will be paid in full during the first quarter. Budgeted direct material purchase cost for the year are shown below: First Quarter Materials Purchases $33,300 Second Quarter Material Purchases $26,600 Third Quarter Material Purchases $29,000 Fourth Quarter Material Purchases $43,300 Prepare a Schedule of Cash Payments for Direct Material Purchases by quarter. Fluffernutter Forever Schedule of Cash Payments for Direct Material Purchases For Year Ended December 31 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr