Maple Company prepares monthly cash budgets. Relevant data follows for 2019: Sales Direct Materials Purchases Direct Labor Manufacturing Overhead Selling & Administrative Expenses April $400,000 125,000 85,000 70,000 78,000 May $420,000 130,000 95,000 80,000 82,000 All sales are on account. Collections are expected to be 50% in the month of the sale, 30% in the first month following the sale, and 15% in the second month following the sale. 60% of direct materials purchases are paid in cash in the month of the purchase, and the balance is paid in the month following the purchase. All other items above are paid in the month incurred except for depreciation of $5,000 in Manufacturing Overhead for both April and May, and depreciation of $2,000 in Selling and Administrative Expenses for both April and May. Other data: February 2019 credit sales of $250,000; March 2019 credit sales of $270,000. Purchases of direct materials for March of 2019 of $100,000. Other payments of $15,000 for dividends in May. The company's cash balance on April 1, 2019 is expected to be $75,000. Prepare a cash budget for April and May. (Show computations.) Beginning Balance April $75,000 May Receipts: Disbursements: Ending Balance