1.prepare schedule for expected collection for January February and March 2.prepare schedule of expected payment for direct material for January, February and March

Paddu Company's budgeted sales and direct materials purchases follow. January was the first month of operations. Budgeted sales: January $140,800; February $189,000; March $248,000 Budgeted direct materials purchases: January $39,600; February $34,800; March $40,100 Paddu's sales are 35% cash and 65% credit. It collects credit sales 40% in the month of sale, 60% in the month following the sale. Paddu's purchases are 40% cash and 60% on account. It pays purchases on account 60% in the month of purchase, and 40% in the month following purchase. Prepare a schedule of expected collections for January, February, and March