The company makes all of its direct materials purchases on account. Kimberly's recent review of the company's payment history revealed that the company pays for 25% of its direct materials purchases in the mont of purchase and 75% in the month following purchase The company expects to have an accounts payable balance of $18,000 on January 1 , and this amount represents the remaining payables from December's direct materials purchases. Prepare Sheffeld \& Matthew's cash payments budzet for the first Quarter. (Enter answers in necessary fields only. Leave other fields blar Do not enter 0.) Calculate the accounts payable balance at the end of first Quarter