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Transcribed image text: Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 25% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $50.000 per month. The accounts payable balance on March 31 totals $188,000, which will be paid in April. All units are sold on account for $17 each. Cash collections from sales are budgeted at 75% in the month of sale. 10% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. Accounts receivable on April 1 totaled $608,000 ( $108,000 from February's sales and $500,000 from March's sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. Complete this question by entering your answers in the tabs below. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. Tilson Corporation has projected sales and production in units for the second quarter of the coming yeat as follows: Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 25% are paid in the month in which they are incurred and the balance in the following month. Selling and administrative expenses will amount to $50,000 per month. The accounts payable balance on March 31 totals $188,000, which will be paid in Aprit. All units are sold on account for $17 each. Cash collections from sales are budgeted at 75% in the month of sale, 10% in the month following the month of sale, and the remaining 15% in the second month following the month of sale. Accounts receivable on April 1 totaled \$608,000 (\$108,000 from February's sales and $500,000 from March's sales). Required: a. Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation. b. Ptepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. Complete this question by entering your answers in the tabs below. Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation