Crane Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M. Budgeted Sales Purchases January $164,000 $24,600 February 180,400 29,500 March 205,000 31,200 Crane's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in 36% in the second month following sale; 4% are uncollectible. Crane's purchases are 50% cash and 5C 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. Crane Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M. Budgeted Sales Purchases January $164,000 $24,600 February 180,400 29,500 March 205,000 31,200 Crane's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in 36% in the second month following sale; 4% are uncollectible. Crane's purchases are 50% cash and 5C 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.