Current Attempt Oriole Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M. Budgeted Sales Purchases January $176,000 $26,400 February 193,600 31,600 March 220,000 33,600 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 Expected Collections from Customers March $ (a) Prepare a schedule of expected collections from customers for March. ORIOLE COMPANY Expected Collections from Customers Total collections March (b) Prepare a schedule of expected payments for direct materials for March ORIOLE COMPANY Expected Payments for Direct Materials March Total collections (b) Prepare a schedule of expected payments for direct materials for March. ORIOLE COMPANY Expected Payments for Direct Materials Total payments Save for Later March Attempts: 0 of 1 used Smit