Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M. Purchases Budgeted Sales S 202,200 246,800 09,100 39,000 41,600 46,200 anuary February March Nieto'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 unco e t ble M e os purchases are s % 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. (Round answers to O decimal places, e.g. 2,50o.) NIETO COMPANY Expected Collections from Customers March March cash sales Collection of January credit sales Collection of February credit sales Collecton of March credit sales Total collections 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 Direct M March Payment of March credit purchasess Payment of February credit purchaser