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

Budgeted Sales Budgeted D.M. Purchases January $250,600 $32,200 February 238,100 45,300 March 299,600 38,300

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

B.) Prepare a schedule of expected payments for direct materials for March.