Shnridan Companys sbudgeted sales and direct materials jurchases are as folion. Sheridan's sales are 30 s cashand 700 credie. Credit sales are collected 100 in the month of sale, 508 in the inanth following rale, and account are paid 400 in the month of purchase and 60 s in the month following purchave. (a) Prepare a schedule of expected collections iromcustomvis for Mareh. Preplie a schiedule of expected fayments for direct inaterials for March Preplie a schiedule of expected fayments for direct inaterials for March