Question 4 9 pts (9 points - 3 each) Griswold Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales January February March $300,000 330,000 400,000 Budgeted D.M Purchases $60,000 75,000 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 Editora A - IK EE 3 1 xx DEE V VO 11 12pt Paragraph