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.) 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 June Quarter Cash payments for direct materials 50% of current month purchases 50% of last month's purchases