View rouge Current Attempt in Progress Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M. Purchases Budgeted Sales $237.000 January $36,500 February 227,300 43,100 March 284,800 42.900 Nieto's sales are 30% cash and 20% credit. Credit sales are collected 10% in the month of sale. 50% in the month following sale, and 3696 In the second month following sale, 4% are uncollectible. Nieto'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 (5) Prepare a schedule of expected collections from customers for March NIETO COMPANY Expected Collections from Customers March Total collections March $ > > $ > Total payments $ SA