Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $86,000; May, $116,000; and June, $126,000 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 $28,000 Prepare a schedule of budgeted cash payments for April, May, and June. Answer is complete but not entirely correct. April May June Current month purchases Ending accounts payable 70% |$ 60,200 $ 81,200 $ 88,200 34,800 $ 88,200 107,000 S123,000 30% 28,000 25,800 Total purchases