Eils Eectronics Company's actual sales and purchases for April and May are shown here, along with forecasted sales and purchases for June through Septembet. The company makes 20 percent of its sales for cash and 80 percent on credit. Or the credit sales, 20 percent are collected in the month after the sale and 80 percent are collected two months aftec. Ellis pays for 20 percent of its purchases in the month after purchase and 80 percent two months after. Labour expense equa's 30 percent of the current month's sales. Overhead expense equals $13,700 per month. Interest payments of $38,500 are due in June and Septembec. A cash dividend of $58,500 is scheculed to be paid in June. Tax payments of $26,700 are due in June and September. There is a scheduled capital outlay of $470,000 in September Elis Electronics' ending cash balance in May is $28,500. The minimum desired cash balance is $23,500. a. Prepare a schedule of monthly cash receipts for June through Septembec. b. Piepare the monthly cash payments tor kine through Sipgtembec