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Maria Bockman, Bates & Hill Fabricators' accounts payable manager, has just received the company's direct materials purchases budget for the first quarter. The company makes

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Maria Bockman, Bates & Hill Fabricators' accounts payable manager, has just received the company's direct materials purchases budget for the first quarter. The company makes all of its direct materials purchases on account. Maria's recent review of the company's payment history revealed that the company pays for 50% of its direct materials purchases in the month of purchase and 50% in the month following purchase. The company expects to have an accounts payable balance of $17, 820 on January 1, and this amount represents the remaining payables from December's direct materials purchases. Prepare Melinda's cash payments budget for the coming year. (Round answers to 0 decimal places, e.g. 5, 275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Prepare Bates & Hill's cash payments budget for the first quarter

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