Yancey Company budgeted direct materials purchases of $192,560 in January and $138,840 in February. Assume Yancey pays for direct materials purchases 80% in the month of purchase and 20% in the month after purchase. The Accounts Payable balance on January 1 is $30,000. 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 192560 February 138840 Total direct materials purchases January February Cash Payments Direct Materials: Accounts Payable balance, 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. 30000 154048 376608 515448 Total payments for direct materials Accounts Payable balance, February 28 Feb.-Feb. direct material purchases paid in Mar