Clay Corporation has projected sales and production in units for the second quarter of the coming year as follows Sales Production 63,000 66,500 ay 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.) April May June Production cost Cash disbursement: Production costs this month Production costs prior month Selling and administrative Total disbursements b. Prepare a schedule for each month showing budgeted cash receipts for Clay Corporation. (Round your final answer to nearest whole dollar.) April June ay Total sales Cash receipts February sales March sales April sales May sales June sales Total receipts