Maria Bockman, Bates & Hill Fabricators' accounts payable manager, has just received the company's direct materials purchases budget for the first quarter. Budgeted purchase cost January $34,537 February $62,060 March $54,676 Quarter $151,273 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 $16,380 on January 1, and this amount represents the remaining payables from December's direct materials purchases. Prepare Concord & Hill's cash payments budget for the coming year. (Round answers to decimal places, eg. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter O. Cash Payments Budget February January March Total Cash P: December A/P $ January purchases February purchases March purchases Total $ Prepare Concord & Hill's cash payments budget for the first quarter. $ Accounts Payable balance Current Attempt in Progress Maria Bockman, Bates & Hill Fabricators' accounts payable manager, has just received the company's direct materials purchases budget for the first quarter. January $34,537 February $62,060 March $54,676 Quarter $151,273 Budgeted purchase cost 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 $16,380 on January 1, and this amount represents the remaining payables from December's direct materials purchases. Prepare Concord & Hill's cash payments budget for the coming year. (Round answers to decimal places, eg. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter O) Cash Payments Budget February January March Total Cash Payments A/P irchases urchases chases $ $ Prepare Concord & Hill's cash payments budget for the first quarter. Accounts Payable balance $