Shetland, Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account:
April .....$468,000
May ......$514,000
June ......$520,000
Shetland typically pays 30 percent on account in the month of billing and 70 percent the next month.

Required:
1. How much cash is required for payments on account in May?
2. How much cash is expected for payments on account in June?