Question 11 of 14 - 15 NIU Company's budgeted sales and direct materials purchases are as follows: Budgeted Direct Budgeted Sales Materials Purchases January $178,000 $33,000 February 214,000 37,000 March 317,000 47,000 NIU's sales are 40% cash and 60% credit. It collects credit sales 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. NIU's purchases are 50% cash and 50% on account. It pays purchases on account 60% in the month of purchase, and 40% in the month following purchase. Prepare a schedule of expected collections from customers for March. NIU COMPANY Schedule of Expected Collections from Customers For the Month Ending March 31, 2020 January-credit sales $ February-credit sales March-cash sales March-credit sales Total expected collections from customers $ MacBook Air F5 F8 F2 20 F3 F4 F6 44 F7 F9 F10 F11 # A & K 3 A 5 6 8 9 O W E R T Y U O P S D F G H K X C V B N M 98 alt mand command optionPrepare a schedule of expected payments for direct materials for March. NIU COMPANY Schedule of Expected Payments for Direct Materials For the Month Ending March 31, 2020 February-credit payments March-cash payments March-credit payments Total expected payments Save for Later MacBook Air 20 F2 F3 888 F4 F5 F6 F7 @ A # $ % & 2 3 4 5 6 W E R T Y S D F G H X C V B