The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.: Direct materials inventory1/1 Direct materials inventory, 12/31 Direct materials budgeted for use during year Accounts payable to suppliers, 1/1 Accounts payable to suppliers, 12/31 ring year $ 96,000 $ 112,000 $ 354,000 $ 64,000 $ 74,000 $999.00 For the year, budgeted purchases of direct materials amounted to: For the year, budgeted cash payments to suppliers amounted to