Zisk Company purchases direct materials on credit. Budgeted purchases are: Aprit..... $80,000 May.....\$110,000 June.... $120,000 Cash payments for purchases are: 70% in the month of purchase 30% in the month after purchase Purchases for March were $70,000 The following 4 questions relate to these values. It may help to prepare the entire schedule in order to answer the questions. 1.) What are the cash payments for the current period purchases for May? Integer, decimal, or E notation allowed Question 2 What are the cash payments for the prior period purchases for June? Integer, decimol, or E nototion allowed Question 3 The total cash payments for April are $77,000. True False What are the total cash payments for May? Integer, decimal, or E notation al owed