Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $97,000; May, $127,000; and June, $137,000. Payments are made as follows: 75% in the month of purchase and 25% in the month after purchase. The March 31 balance of accounts payable is $39,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June 75% Current month purchases Ending accounts payable Total purchases 25% May June Zisk Co. Schedule of Cash Payments For April, May, and June April Cash payments for: Current month purchases Prior month purchases Budgeted cash payments for materials