Cambridge inc is preparing its master budget for the quarter ended June 30. it sells a single product for $40 each. Sales are 60% cash and 40% on credit. All credit sales are collected in the month following the sale. At March 31, the balance in accounts receivable is $12,000, which represents the uncollected balance on March sales. Budgeted sales for the next four months follow:

Sales in units : april: 800 may:1,000 june:600 july:1,200

the product coast is $20 per unit, and desired ending inventory is 60% of the following month's sales in units. inventory at march 31 is 480 units. purchases are paid 50% in the month of purchase and 50% in the following month. at march 31, the balance in accounts payable is $11,000, which represents the unpaid purchases from march

Operating expenses are paid in the month incurred and consist of:

commisions(10% of sales)

shipping(3% of sales)

office salaries($3,000 per month)

rent($5,000 per month)

depreciation is $2,000 per month

prepare the following budgets for the months of April, may and June (2nd quarter)