Current Attempt In Progress Cullumber Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted DM. January $255,000 February 220,900 March 326,000 Purchases $39,100 46,100 48.500 Cullumber'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. Cullumber'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 CULLUMBER COMPANY Expected Collections from Customers Total collections March Prepare a schedule of expected payments for direct materials for Manch CULLUMBER COMPANY Expected Payments for Direct Materials March