(a) Prepare a schedule of cash receipts from sales for April, May, and June. (b) Prepare a cash budget for each of April, May, and June. (both pictures are the same problem)

Castor incorporated is preparing its master budget. Budgeted sales and cash payments for merchandise purchases for the next three months follow. odits are 5U8 cash and 50% on credit, Sales in March were $43,200. All credit sales are collected in the month following the sale. The March 31 balance sheet includes balances of $21,600 in cash and $3,600 in toans payable. A minimum cash balance of $21,600 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $21,600. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. If a preliminary cash balance above $21,600 at month-end exists, loans are repaid from the excess. Expenses are paid in the month incurred and include sales commissions (10\% of sales), shipping (2\% of sales). office salarles ( $9,000 per month), and rent ($5,400 per month): (a) Prepare a schedule of cash receipts from sales for April, May, and June, (b) Prepare a cash budget fot each of Aprill, May, and June. (Negotive bolances and Loan repayment omounts (if ony) should be indicated with minus sign. Round your final answers to the nearest whole dollar.)