Sheridan Company's budgeted sales and direct materials purchases are as follows: Budgeted Sales Budgeted D.M. Purchases January $176,000 $26,400 February 193,600 31,680 March 220,000 33,440 Sheridan's 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. Sheridan'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 Prepare a schedule of expected collections from customers for March SHERIDAN COMPANY Schedule of Expected Collections from Customers March $