SE6. The projections of direct materials purchases that follow are for Creek Corporation. December 2014 January 2015 February 2015 March 2015 Purchases on Account $50,000 70,000 60,000 70,000 Cash Purchases $20,000 30,000 25,000 35,000 The company pays for 60 percent of purchases on account in the month of purc and 40 percent in the month following the purchase. Prepare a monthly schedule of expected cash payments for direct materials for the first quarter of 2015