Marigold Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales $220,000 242,000 275,000 Budgeted D.M. Purchases $33,000 39,600 41,800 Marigold'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. Marigold'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.

Marigold Company's budgeted sales and direct materials purchases are as follows Marigold's sales are 30% cash and 70% credit Credit sales are collected 10% in the month of sale, 50% in the month following saln, and 368 in the second month following sale; 4 \%are uncollectible. Marigold's purchases are 50 ow cash and 500 on account. Purchases on account are paid 40% in the month of purchase, and 60% in the month following purchase. Prepare a schedule of expected collections from customers for March Prepare a schedule of expected payments for direct materials for March