Clay Corporation has projected sales and production in units for the second quarter of the coming year as follows: Sales Production April 63,000 66,500 May 43,000 56,500 June 73,000 56,500 Cash-related production costs are budgeted at $6.3 per unit produced. Of these production costs, 35% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $230,000 per month. The accounts payable balance on March 31 totals $320,000, which will be paid in April. All units are sold on account for $15.3 each. Cash collections from sales are budgeted at 50% in the month of sale, 20% in the month following the month of sale, and the remaining 30% in the second month following the month of sale. Accounts receivable on April 1 totaled $643,000 ($103,000 from February's sales and $540,000 from March's sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Clay Corporation. (Round your final answer to nearest whole dollar.) Production cost Cash disbursement: Production costs this month Production costs prior month Selling and administrative Total disbursements April May June b. Prepare a schedule for each month showing budgeted cash receipts for Clay Corporation. (Round your final answer to nearest whole dollar.) April May June Total sales Cash receipts: February sales March sales April sales May sales June sales Total receipts