Current Attempt in Progress Oriole Company's budgeted sales and direct materials purchases are as follows. Budgeted Budgeted D.M. Purchases Sales January $208,000 $31,200 February 228,800 37,440 March 260,000 39,520 Oriole'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. Oriole'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. ORIOLE COMPANY Schedule of Expected Collections from Customers March LA Total collections