Yada Company budgeted direct materials purchases of $192,340 in January and $138,260 in February. Assume Yada pays for direct materials purchases 30% in the month of purchase and 70% in the month after purchase. The Accounts Payable balance on January 1 is $40,000. Prepare a schedule of cash payments for purchases for January and February. Round to the nearest dollar Begin by computing the total cash payments for direct materials for January and February. Then, compute the Accounts Payable balance at February 28. (Round all amounts you enter into the budget to the nearest whole dollar. If a box is not used in the table leave the box empty, do not enter a zero) Cash Payments January Total direct material purchases February January February Cash Payments Direct Materials: Accounts Payabli bolanin January 1 Jan-Jan direct material purchases paid in Jan. Jan --- Jan direct material purchases paid in Feb. Feb --Feb. direct material purchases paid in Feb. Total payments for direct materials