Kidman Publishers Inci budgeted production of 59,000 diaries in 2016. Paper is required to produce a diary. Assume 49 square yards of paper are req each diary. The estimated January 1, 2016, paper inventory is 116,000 square yards. The desired December 31, 2016, paper inventory is 101,000 squ yards. If paper costs $0.09 per square yard, determine the direct materials purchases budget for 2016 . If required, round your final answer to the nearest d