Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales January February March $273,000 242,200 Budgeted D.M. Purchases $30,300 37,600 46,500 Nieto's sales are 30% cash and 705 credit Creditsales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale: 45 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. Prepare a schedule of expected collections from customers for March NIETO COMPANY Expected Collections from Customers March S Total collections S [b] Prepare a schedule of expected payments for direct materials for March NIETO COMPANY Expected Payments for Direct Materials March S Total payments