Clay Corporation has projected sales and production in units for the second quarter of the coming year as follows:

	April	May	June
Sales	56,000	46,000	66,000
Production	63,000	53,000	53,000

a. Cash-related production costs are budgeted at $5.6 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $160,000 per month. The accounts payable balance on March 31 totals $250,000, which will be paid in April. Prepare a schedule for each month showing budgeted cash disbursements for Clay Corporation.

	Aprill	May	June
Production cost
cach disbursement:	-------	------	------
Production cost this month
Production cost prior month
Selling and administrative
Total disbursements

b. Assume that all units are sold on account for $14.6 each. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totaled $566,000 ($96,000 from February's sales and $470,000 from Marchs sales) Prepare a schedule for each month showing budgeted cash receipts for Clay Corporation. (Do not round intermediate calculations.)

	Aprill	May	June
Total sales
Cash receipts:	-------	------	-----
February sales
March sales
Aprill sales
May sales
June sales
Total receiptS