A sales budget is given below for one of the products manufactured by the OMI Co.

January	25,000 units
February	40,000 units
March	65,000 units
April	45,000 units
May	35,000 units
June	30,000 units

Additional information:

1. Selling price is $20 per unit.
2. All sales are on credit. 60% of the sales are collected in the month of sale and the remaining 40% in the month following the sale.
3. The inventory of finished goods at the end of each month must equal 20% of the next month's sales. However, on December 31 the finished goods inventory total only 4,000 units.
4. Each unit of product requires three pounds of specialized material. Since the production of this specialized material by OMI's suppliers is sometimes irregular, the company has a policy of maintaining an ending inventory at the end of each month equal to 30% of the next month's production needs. This requirement had been met on January 1 of the current year.
5. The specialized material costs $5 per pound. Payment to suppliers for material purchase is made 50% on the month of the purchase and 50% on the month after.

Required :

1. Prepare a cash receipt (cash collection) budget for February-April.
2. Prepare a cash payment (cash disbursement) budget for materials purchase for January, February, and March.