Ellis Electronics Company's actual sales and purchases for April and May are shown here, along with forecasted sales and purchases

for June through September.

The company makes $10$ percent of its sales for cash and $90$ percent on credit. Of the credit sales, $10$ percent are collected in the

month after the sale and $90$ percent are collected two months after. Ellis pays for $40$ percent of its purchases in the month after

purchase and $60$ percent two months after.

Labour expense equals $10$ percent of the current month's sales. Overhead expense equals $$12,100$ per month. Interest payments of

$$30,500$ are due in June and September. A cash dividend of $$50,500$ is scheduled to be paid in June. Tax payments of $$25,100$ are

due in June and September. There is a scheduled capital outlay of $$310,000$ in September.

Ellis Electronics' ending cash balance in May is $$20,500.$ The minimum desired cash balance is $$15,500.$

a$.$ Prepare a schedule of monthly cash receipts for June through September.

b$.$ Prepare the monthly cash payments for June through September.

c$.$ Prepare a complete monthly cash budget with borrowing and repayments for June through September. The maximum desired cash balance is $$50,100.$ Excess cash $($above $$50,100)$ is used to buy marketable securities$.$ Marketable securities are sold before borrowing funds in case of a cash shortfall $($less than $$15,500).($Omit $ sign in your response. Do not leave any empty spaces; input a $0$ wherever it is required. Negative answers and amounts to be deducted should be indicated by a minus sign.$)$