Maria Bockman, Bates & Hill Fabricators' accounts payable manager, has just received the company's direct materials purchases budget for the first quarter. January February March Quarter Budgeted purchase cost $24,060 $46,199 $40,729 $110,988 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 $15.660 on January 1, and this amount represents the remaining payables from December's direct materials purchases. Prepare Oriole & Hill's cash payments budget for the coming year. (Round answers to decimal places, e.g. 5,275. Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) Cash Payments Budget January February March Total Cash Payments December A/P January purchases February purchases March purchases Total Prepare Oriole & Hill's cash payments budget for the first quarter. Accounts Payable balance $ Activate Windows