Nieto Companys budgeted sales and direct materials purchases are as follows.

		Budgeted Sales		Budgeted D.M. Purchases
January		$200,000		$30,000
February		220,000		36,000
March		250,000		38,000

Nietos 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. Nietos 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. (Round answers to 0 decimal places, e.g. 2,500.)

NIETO COMPANY Expected Collections from Customers
		March
Collection of March credit salesPayment of March credit purchasesFebruary cash salesJanuary cash salesMarch cash purchasesMarch cash salesPayment of February credit purchasesCollection of February credit salesCollection of January credit sales		$
March cash salesCollection of March credit salesCollection of February credit salesJanuary cash salesCollection of January credit salesMarch cash purchasesFebruary cash salesPayment of March credit purchasesPayment of February credit purchases
Payment of March credit purchasesFebruary cash salesCollection of January credit salesMarch cash salesJanuary cash salesMarch cash purchasesCollection of February credit salesPayment of February credit purchasesCollection of March credit sales
January cash salesPayment of March credit purchasesPayment of February credit purchasesMarch cash salesMarch cash purchasesCollection of March credit salesCollection of February credit salesCollection of January credit salesFebruary cash sales
Total collections		$

(b) Prepare a schedule of expected payments for direct materials for March. (Round answers to 0 decimal places, e.g. 2,500.)

NIETO COMPANY Expected Payments for Direct Materials
		March
January cash salesPayment of March credit purchasesPayment of February credit purchasesMarch cash purchasesMarch cash salesCollection of March credit salesCollection of February credit salesCollection of January credit salesFebruary cash sales		$
Payment of February credit purchasesCollection of March credit salesCollection of February credit salesMarch cash salesCollection of January credit salesJanuary cash salesPayment of March credit purchasesFebruary cash salesMarch cash purchases
March cash purchasesMarch cash salesJanuary cash salesPayment of March credit purchasesPayment of February credit purchasesCollection of March credit salesCollection of February credit salesCollection of January credit salesFebruary cash sales
Total payments		$