ed E9-17 Nieto Company's budgeted sales and direct materials purchases are as followe 000.01 gringo TWITT) 25 Budgeted Sales Budgeted D.M. Purchases mills Smoon January $200,000 $30,000 February 220,000 36,000 2noon March 250.000 Toitstumog r 38,000 uborio s 5 9 Nieto'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. Nieto'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. Instructions et resudom.000,022 visualisht otib olamanya (a) Prepare a schedule of expected collections from customers for March.odal 1991 (b) Prepare a schedule of expected payments for direct materials for March.com