Carla Vista Company's budgeted sales and direct materials purchases Budgeted Sales Budgeted D.M. Purchases January $39.000 $202,000 246,800 February 41.600 March 309,100 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. Prepare a schedule of expected collections from customers for March CARLA VISTA COMPANY Expected Collections from Customers March Total collections Prepare a schedule of expected payments for direct materials for March CARLA VISTA COMPANY Expected Payments for Direct Materials March Total payments