Nieto Company's budgeted sales and direct materials purchases are as follows:

	Budgeted sales	Budgeted D.M. Purchases
January	$273500	$37200
February	244200	38100
March	261800	40200

Nieto'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. 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.

a) Prepare a schedule of expected collections for customers for March.

b) Prepare a schedule of expected payments for direct materials for March.