Question 4 9 pts (9 points - 3 each) Griswold Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales Budgeted D.M. Purchases January $300,000 $60,000 February 330,000 75,000 March 400,000 82,000 Griswold sales are 40% cash and 60% 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. Griswold 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. Instructions Prepare a schedule of expected payments for direct materials for March. HTML Editore BIVA - A - IX E51 x x, EE - DO VW VTT 12pt Paragraph O words