Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 71,000 passenger car tires and 21,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table: Passenger Car Truck Rubber 28 lbs. per unit 65 lbs. per unit Steel belts 3 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $3.1 and $4.1 per pound, respectively. The desired ending inventories of rubber and steel belts are 67,000 and 14,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 78,000 and 11,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2049 Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2049 Rubber Steel Belts Pounds required for production: Passenger tires Total Truck tires Total pounds available Total units purchased Unit price Total direct materials to be purchased Schedule of Cash Payments for a Service Company EastGate Physical Therapy Inc. is planning its cash payments for operations for the first quarter (January-March). The Accrued Expenses Payable balance on January 1 is $33,000. The budgeted expenses for the next three months are as follows: January February March Salaries $75,900 $102,300 6,300 Utilities Other operating expenses $92,400 6,900 63,700 $163,000 8,300 70,100 58,400 Total $180,700 Other operating expenses include $4,200 of monthly depreciation expense and $900 of monthly insurance expense that was prepaid for the year on May 1 of the previous year. Of the remaining expenses, 75% are paid in the month in which they are incurred, with the remainder paid in the following month. The Accrued Expenses Payable balance on January 1 relates to the expenses incurred in December Prepare a schedule of cash payments for operations for January, February, and March. Enter all amounts as positive numbers. EastGate Physical Therapy Inc. Schedule of Cash Payments for Operations For the Three Months Ending March 31 January February March Total cash payments