Q2: (8marks) Al Rawahi Company's budgeted sales and direct materials purchases are as follows: Months Budgeted Sales Budget D M Purchases April 250000 32000 May 270000 38500 June 320000 44400 Al Rawahi sales are 25% cash and 75% credit. Credit sales are collected as 15% in the month of sale, 45% in the month following sale, and 35% in the second month following sale; 5% are uncollectible. Al Rawahi purchases are 45% cash and 55% on account. Purchases on account are paid 35% in the month of purchase, and 65% in the month following purchase. Instructions A. Prepare a schedule of expected collections from customers for June (4 marks) B. Prepare a schedule of expected payments for direct materials for June (4 marks)