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Exercise 23-17 Nieto Company's budgeted sales and direct materials purchases are as Budgeted Sales $273,500 244,200 261,800 Budgeted D.M. Purchases January February $37,200 38,100 40,200

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Exercise 23-17 Nieto Company's budgeted sales and direct materials purchases are as Budgeted Sales $273,500 244,200 261,800 Budgeted D.M. Purchases January February $37,200 38,100 40,200 March Nieto s sales are 30% cash and 70% credit Credit sales are colected 10 % the month of sale, S0% n the morth foto ing sale, and 36% n the set nd morth fol org sale; 4% are uncollectble. Neto's purchases are 50% cash and 50% on account Purchases on a count are paid 40% n the month of purchase, and 60% n the month following purchase Prepare a schedule of expected collections from customers for March. (Round answers to 0 decimal places,e.g. 2,500)

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