U = Current Attempt in Progress Cullumber Company's budgeted sales and direct materials purchases are as follows. Budgeted D.M. Purchases Budgeted Sales January $168,000 $25,200 February 184,800 30,200 March 210,000 32,000 Cullumber'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 Cullumber'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 from customers for March Prepare a schedule of expected collections from customers for March. CULLUMBER COMPANY Expected Collections from Customers March March cash sales Collection of January credit sales > Total collections $ (b) Prepare a schedule of expected payments for direct materials for March Total collections $ (b) Prepare a schedule of expected payments for direct materials for March CULLUMBER COMPANY Expected Payments for Direct Materials March March cash purchases $ Payment of March credit purchases v Payment of February credit purchases Total payments $