0 Required information The following information applies to the questions displayed below. The following information is from the manufacturing budget and budgeted financial statements of Altman Corp Direct materials inventory, 1/1 Direct materials inventory, 12/31 Direct materials budgeted for use during year Accounts payable to suppliers, 1/1 Accounts payable to suppliers, 12/31 $ 88,000 104,000 346,000 $ 56,000 66,000 For the year, budgeted cash payments to suppliers amounted to: Multiple Choice $372.000 $330,000. $362,00O