Kidman Inc. budgeted production of 38,000 personal journals in 20Y6. Paper is required to produce a journal. Assume 80 square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 182,000 square yards. The desired December 31 , 20Y6, paper inventory is 137,000 square yards. If paper costs $0.07 per square yard, determine the direct materials purchases budget for 20Y6. If required, round your final answer to the nearest dollar. $