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Patricia Johnson, Swifty & John Fabricators' accounts payable manager, has just received the company's direct materials purchases

budget for the first quarter.

The company makes all of its direct materials purchases on account. Patricia's recent review of the company's payment history

revealed that the company pays for $25\%$ of its direct materials purchases in the month 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 Swifty & John's cash payments budget for the first Quarter. $($Enter answers in necessary fields only. Leave other fields blank. Do not

enter $0.)$

Calculate the accounts payable balance at the end of first Quarter.