Sunland Companys budgeted sales and direct materials purchases are as follows.

		Budgeted Sales		Budgeted D.M. Purchases
January		$237,000		$33,500
February		230,100		38,900
March		329,800		38,300

Sunlands 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. Sunlands 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.

(a) Prepare a schedule of expected collections from customers for March. SUNLAND COMPANY Expected Collections from Customers March $ Total collections GA (b) Prepare a schedule of expected payments for direct materials for March. SUNLAND COMPANY Expected Payments for Direct Materials March $ $