Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $89,000; May, $119,000; and June, $129,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $31,000. Prepare a schedule of budgeted cash payments for April, May, and June. May April June 70% Current month purchases 30% Ending accounts payable Total purchases Zisk Co. Schedule of Cash Payments For April, May, and June April May June Cash payments for Current month purchases Prior month purchases Budgeted cash payments for materials