Harry's Office Supplies is planning the cash budget for June. The firm had $75,000 in sales in May and expects $100,000 in sales in June. Usually 70% of sales are cash and 30% are collected one month later. The total cash disbursements are expected to be $80,000 in June.

(a) What is the expected total amount of cash receipts for Harry's Office Supplies in June?

(b) What is net cash flow expected for the firm in June?

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