urrent Attempt in Progress Ivanhoe Company's budgeted sales and direct materials purchases are as follows. Ivanhoe's sales are 30% cash and 70% credit. Credit sales are collected 10% in the mon month following sale, and 36% in the second month following sale; 4% are uncollectible 50% cash and 50% on account. Purchases on account are paid 40% in the month of purc month following purchase. (a) Prepare a schedule of expected collections from customers for March