Castor incorporated is preparing its master budget. Budgeted sales and cash payments for merchandiae purchases for the next Ehree Soles are 50\% cash and 50% on credt. Sales in March were 544,400. All credit sales are collected in the month folowing the sale. The March 31 bwance sheet includes balances of $22,200 in cash and $3,700 in loans payable. A minimum cash balance of $22,200 is required. Loans are obtained of the end of any month when the preliminary cash balance is below $22.200. interest is 7 per month bosed on the beginning of the month loan balance and is poid at each month-end. Hf a preliminary cash balance above $22,200 at monthend exibts, loans are repald from the excess. Expenses are paid in the month incutred and include sales commissions nos of sales). thipging (2\$ of sales), office salaries (\$9,250 per month), and rent (\$5,550 per month). (a) Prepare a schedule of cash receipts from sales for Aprit, May, and June. (b) Prepare a cash budget for each of Aprik, May, and June (Negutive balances and Loan repayment amounts (ff any) should be indicated with minus sign. Round your final answers to the nearest whole dollac.)