Part II Mop Company has the following budgeted direct materials. Each meter of materials costs $2. Management pays for materials purchases as follows: 604 paid in the month of purchase, and 40% paid one month after purchase. Accounts payable for materials on January 1 was $40,000; all or which wil be paid during January, Required: a) Prepare a schedule of expected cash disbursements for the first quarter of the year. b) What is the account payable balance as at March 31