Nieto Comer's budgeted sales and direct materials purchases are as follows. Budgeted Sales January $280,000 Budgeted DM Purchases $39.500 44.100 40.000 February 287.400 332.000 March Nieto's sales are 30% cash and 70 credit. Credit sales are collected 10% in the month of sale, so in the month following sales and in the second month following sale: 4 are uncollectible Nieto purchases are sox cash and 50% 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 NIETO COMPANY Expected Collections from Customers March . $ 1 1 Total collection (b) Prepare a schedule of expected payments for direct materials for March. NIETO COMPANY Expected Payments for Direct Materials March Total payments $