Karen White, Oriole & Paul Fabricators' accounts payable manager, has just received the company's direct materials purchases budget for the first quarter. January Budgeted purchase cost $258.000 February March $265.000 $286,000 Quarter $809,000 The company makes all of its direct materials purchases on account, Karen's recent review of the company's payment history revealed that the company pays for 25% of its direct materials purchases in the month of purchase and 75% in the month following purchase. The company expects to have an accounts payable balance of $18,000 on January 1. and this amount represents the remaining payables from December's direct materials purchases. Prepare Oriole & Paul's cash payments budget for the first Quarter. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Cash Payments Budget January February Marc $ December A/P January purchases February purchases March purchases Total $ $ $ Calculate the accounts payable balance at the end of first Quarter Accounts Payable balance $ March Total Cash Payments $ $ $ $