Crane company’s budgeted sales and direct materials purchases are as follows. budgeted sales budgeted d. m. purchases january $257,000 $32,700 february 277,200 37,500 march 297,900 51,500 crane’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. crane’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.