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Nieto Company's budgeted sales and direct materials purchases are as follows Budgeted Sales Budgeted DM. Purchases $32.800 January $239,000 February 48.300 220,500 255.000 March 52.200 Nieto's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, sox in the month following sale and 36% in the second month following sales 4% are uncollectible Nieto's purchases are so cash and so on account. Furchases on account are paid 40% in the month of purchase and 60% in the month following purchase co Prepare a schedule of expected collections from customers for March NIETO COMPANY Expected Collections from Customers NIETO COMPANY Expected Collections from Customers March $ Total collections chi Prepare a schedule of expected aynents for direct materials for March TER (b) Prepare a schedule of expected payments for direct materials for March NIETO COMPANY Expected Payments for Direct Materials March Total payments