Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $85,000; May, $115,000; and June, $125,000. 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 $27,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases Ending accounts payable Total purchases 75% $ 25% $ 85,000 $ 21,250 106,250 $ 115,000 $ 125,000 28,750 31,250 143,750 156,250 Zisk Co. Schedule of Cash Payments For April, May, and June April May June Cash payments for: Current month purchases $ 85,000 $ 115,000 $ 125,000 Prior month purchases 27,000 21,250 28,750 Budgeted cash payments for materials $ 112,000 $ 136,250 $ 153,750