Current Attempt in Progress Blue Spruce Company's budgeted sales and direct materials purchases follow. January was the first month of operations. Budgeted sales: January $139,600; February $190,900 : March $251,800 Budgeted direct materials purchases: January $39,600; February $35,200; March $39,900 Blue Spruce's sales are 35% cash and 65% credit. It collects credit sales 40% in the month of sale, 60% in the month following the sale. Blue Spruce's purchases are 40% cash and 60% on account. It pays purchases on account 60% in the month of purchase, and 40% in the month following purchase. Prepare a schedule of expected collections for January. February, and March. Prepare a schedule of expected collections for January. February, and March. Prepare a schedule of expected payments for direct materials for January, February and March