Nieto Compary's budgeted sales and direct materials purchasesare as follows: Nieto's sales are 300 s cash and 70% credit. Credit sales are collected 10\%s in the month of sale, 50k in the monthifollowing sale, and 36% in the second month following sale: 4% are uncollectible. Nieto's purchases are 50 of cash and 50% on account. Purchases on account are paid 40%6 in the month of purchase, and 60% in the month following purchase. (a) Prepare a schedule of expected collections from custoeners for March. Nieto's sales are 300 cash and 70% credit. Credit sales are collected 10% in the month of sale. 50N in the month following sale and 36% in the second month folowing sale. 4% are uncollectible. Nieto's purchases are 50% cash and 50% on accoent. Purchases on account are paid 40% in the month of purchase. and 60% in the mqonth following purchase. (a) Prepare a schedule of expected collections from customers for March. (b) account are paid 40% in the monith of purchase, and ous in the month rounowirg purchine? (a) Prepare a schedule of expected collections from custompers for March. (b) Prepare a schedule of expected payments for direct materials for March. Prepare a schedule of expected payments for direct inaterials for March