Carla Vista Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales $202.000 246,800 309 100 Budgeted DM Purchases $39,000 41,600 46,200 Carla Vista's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale: 4% are uncollectible. Carla Vista'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 (a) Prepare a schedule of expected collections from customers for March. CARLA VISTA COMPANY Expected Collections from Customers March Total collections (b) Prepare a schedule of expected payments for direct materials for March. CARLA VISTA COMPANY Expected Payments for Direct Materials March Total payments