The Smith Company is preparing its cash payments budget The following items relate to cash payments the company anticipates making during the second quarter of the upcoming year Click the icon to view the cash payment information) Cick the icon to viewthe cash payment information) Requirement Prepare a cash payments budget for April, May, and June and for the quarter. (Leave unused cells blank.) The Smith Company Cash Payments Budget For the Months of April through June April May MayJue Quarter Cash payments for direct materials S 67,000$ 56,000 67,000 62,000 185,000 62.000 S 73.500 S 50% of current month purchases 50% of last month's purchases 202.500 Cash payments for direct labor