The following information is from the manufacturing budget and the budgeted financial statements of Schenck Development Partners. Direct materials inventory, January 1 Direet materials Inventory, December 31 Direct material usage budgeted for the year Accounts payable to suppliers of materials, January 1 Accounts payable to suppliers of materials, December 31 $ 69,000 33,000 230,000 50,000 79,000 a. Compute the budgeted amount for purchases of direct materials during the year. b. Compute the budgeted amount for cash payments during the year to suppliers of materials. Answer is complete but not entirely correct. a Budgeted amount for purchases of direct materials Budgeted cash payments b. S205,000 $ 201,000