The following information is from the manufacturing budget and budgeted financial statements of Foxmo Corp.: Direct materials inventory, January 1 Direct materials inventory, December 31 $86,000 $102,000 Direct materials budgeted for use during the $344,000 year Accounts payable to suppliers, January 1 $54,000 Accounts payable to suppliers, December 31 $64,000 For the year, budgeted cash payments to suppliers amounted to: For the year, budgeted purchases of direct materials amounted to