A Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases January $300,000 $60,000 February 330,000 75,000 March 400,000 82,000 Sales are 40% cash and 60% credit. The 60% Credit sales are collected as follows: 10% in the month of sale 50% in the month following sale 36% in the second month following sale 4% are uncollectible. Purchases are 50% cash and 50% on account. The 50% Purchases on account are paid as follows: 40% in the month of purchase 60% in the month following purchase. Instructions (a Prepare a schedule of expected collections from customers for March. (b) Prepare a schedule of expected payments for direct materials for March