For the second quarter of the following year Ronaldo Company has projected sales and production in units as follows:

	April	May	June
Sales	38,000	41,000	45,000
Production	50,000	48,000	46,000

Cash-related production costs are budgeted at $10 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the next month. $80,000 per month will account for Selling and administrative expenses. On January 31, the accounts payable balance totals $155,000, which will be paid in February.

All units are sold on account of $25 each. Cash collections from sales are budgeted at 60% in the month of sale, 20% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. On April 1 accounts receivable totalled $0.

Submission Instructions:

1. Prepare a schedule for each month showing budgeted cash disbursements for Ronaldo Company.

Prepare a schedule for each month showing budgeted cash receipts for Ronaldo Company.