Answer required question

Cash Collection and Payment Budget Laval Manufacturing Company's projected sabes and direct materials purchares are as follows: Laval's sales are S0\%6 cash and 50%6 credit. Credit sales are collected 20% in the month of sale, 50%6 in the month following sale, and 28% in the second month following sale; 25 in the moncollectible. Lave, 50% in the Materials purchases are 40% cash and 60% on acoount. Direct Materials purchases gotichaouint are paid 50% in the month of purchase, and 50% in the month following purchase, RFOCIRET) 1. Prepare a cash collections budget for March only, using the following format: 2. Determine the amount of cash payments for the DM purchases for March only, using the following format