Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $98,000; May, $128,000; and June, $138,000. 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 $40,000. Prepare a schedule of budgeted cash payments for April, May, and June. April May June Current month purchases 70% 30% Ending accounts payable Total purchases Zisk Co. May June Schedule of Cash Payments For April, May, and June April Cash payments for: Current month purchases Prior month purchases Budgeted cash payments for materials