Current Attempt in Progress Blossom Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales January February March $278,000 307,100 283.600 Budgeted D.M. Purchases $39,600 42.900 42.000 Blossom's sales are 30% cash and 70% credit. Credit sales are collected 1056 in the month of sale, 50% in the month following sale, and 36% in the second month following sale: 4% are uncollectible. Blossom'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. BLOSSOM COMPANY Expected Collections from Customers March 5 Total collections $ (b) Prepare a schedule of expected payments for direct materials for March. BLOSSOM COMPANY Expected Payments for Direct Materials March $ Total payments