Oriole Company's budgeted sales and direct materials purchases are as follows Budgeted Sales January February March $280,000 287,600 332.000 Budgeted D.M. Purchases $39,500 44.100 40.600 Orioles 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. Oriole'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 (a) Prepare a schedule of expected collections from customers for March. ORIOLE COMPANY Expected Collections from Customers March Y Total collections $ (b) Prepare a schedule of expected payments for direct materials for March. ORIOLE COMPANY Expected Payments for Direct Materials March $ $ Total payments $ $