CALCULAT EACK Exercise 9-17 (Video) Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. $217,000 250,400 36,500 January February March $38,000 41,600 39,700 e second Nieto's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of uncollectible. Nieto's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase. Prepare a schedule of expected collections from customers for March NIETO COMPANY March Total collections Prepare a schedule of expected payments for direct materials for March. March Expected Collections from Customers March Total collections Prepare a schedule of expected payments for direct materials for March NIETO COMPANY Expected Payments for Direct Materials March Total payments Click if you would like to Show Work for this question: Open Show work f4