Zisk Company purchases direct materials on credit. Budgeted purchases are April, $86,000; May, $116,000; and June, $126,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $76,000. Prepare a schedule of cash payments for direct materials for April, May, and June. April May Current period purchases 70% Ending accounts payable 30% Total purchases ZISK COMPANY Schedule of Cash Payments for Direct Materials Cash payments for Current period purchases Prior period purchases Total cash payments April June May June