Zisk Co. purchases raw materials on account. Budgeted purchase amounts are April, $94,000; May, $124,000; and June, $134,000. 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 $36,000 Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases Ending accounts payable Total purchases 70% 30% 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