Nieto Compary's budeated sales and direct materials purchases are as followis. Nieto's sales are 3096 cash and 70% oredit. Credit sales are collected 1096 in the month of sale, 505 in the month following sale, and 3696 in the second month following sale; 496 are uncollectible. Nieto's purchases are 5096 cash and 5096 on account. Purchases on account are paid 4096 in the month of purchase, and 608 in the month following purchase. [a] Prepare a schedule of expected collections from customars for March. [b] Prepare a schedule of expected payments for direct materials for March