The company pays for 25% of purchases on account in the month of purchase, 35% in the month following the purchase, and 40% in the second month following the purchase. Prepare a monthly schedule of expected cash payments for direct materials for each of the individual months of the second quarter (April-June) of 2022. Also, please show the total for the quarter.

The projections of flour (DM) purchases that follow are for the Rice Bowl: Purchases on Account Cash Purchases January-22 $240,000 $50,000 February-22 180,000 48,000 March-22 $150,000 $45,000 April-22 $220,000 338,000 May-22 238.000 26,000 June-22 5192,000 547,000 July-22 $200,000 $40.000 The company pays for 25% of purchases on account in the month of purchase 35% in the month following the purchase and 40% in the second month following the purchase. Prepare a monthly schedule of expected cash payments for direct materials for each of the individual months of the second Quarter (April-June) of 2022. Also, please show the total for the quarter. (17 points) IT 10 10 21