Zisk Company purchases direct materials on credit. Budgeted purchases are April, $98,000; May, $128,000; and June, $138,000. Cash payments for purchases are: 70% in the month of purchase and 30% in the first month after purchase. Purchases for March are $88,000. Prepare a schedule of cash payments for direct materials for April, May, and June. ZISK COMPANY Schedule of Cash Payments for Direct Materials Materials purchases Cash payments for Total cash payments April May June