Zisk Company purchases direct materials on credit. Budgeted purchases are April, $81,000; May, $111,000; and June, $121,000. Cash payments for purchases are: 75% in the month of purchase and 25% in the first month after purchase. Purchases for March are $71,000. Prepare a schedule of cash payments for direct materials for April, May, and June. ZISK COMPANY Schedule of Cash Payments for Direct Materials April May June $ 81,000 $ 111,000 $ 121,000 Materials purchases Cash payments for: Current period purchases $ 60,750 $ 83,250 Prior period purchases Total cash payments