Sunland Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases $33,500 January February $237,000 230,100 329,800 38,900 March 38,300 Sunland'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. Sunland'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. (a) Prepare a schedule of expected collections from customers for March. SUNLAND COMPANY Expected Collections from Customers March $ . 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 $ (b) Prepare a schedule of expected payments for direct materials for March. SUNLAND COMPANY Expected Payments for Direct Materials March Total collections $ (b) Prepare a schedule of expected payments for direct materials for March. SUNLAND COMPANY Expected Payments for Direct Materials March + Total payments $ Save for Later