Zisk Company purchases direct materials on credit. Budgeted purchases are April, $88,000; May, $118,000; and June, $128,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $78,000. Prepare a schedule of cash payments for direct materials for April, May, and June. April May June 75% Current period purchases Ending accounts payable Total purchases 25% June ZISK COMPANY Schedule of Cash Payments for Direct Materials April May Cash payments for Current period purchases Prior period purchases Total cash payments