Required information [The following information applies to the questions displayed below.) The following information is from the manufacturing budget and budgeted financial statements of Ulta Corp.: Direct materials inventory, 1/1 Direct materials inventory, 12/31 Direct materials budgeted for use during year Accounts payable to suppliers, 1/1 Accounts payable to suppliers, 12/31 $ 85,000 $ 101,000 $ 343,000 $ 53,000 $ 63,000 For the year, budgeted cash payments to suppliers amounted to: Multiple Choice 0 $327,000. 0 $369,000. 0 $349,000. 0 $359,000