Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M. Budgeted Sales Purchases January $202.000 $39,000 February 246,800 41.600 March 309.100 46,200 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 uncollectible Nieto'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. (a) Prepare a schedule of expected collections from customers for March NIETO COMPANY Expected Collections from Customers March $