On April 1, DC Company had a Cash balance of $25,000, an Accounts Receivable balance of $50,000, and an Accounts Payable balance of $40,000. The company makes all purchases and sales on account. Purchase and sales information is presented below. Sales Purchases April $175,000 $150,000 May $180,000 $170,000 June $190,000 $180,000 Sixty percent (60%) of sales is collected in the month of sale; 30% is collected in the first month after sale; and 10% is collected in the second month after sale. Fifty percent (50%) of purchases is paid in the month of purchase; 30% is paid in the first month following purchase; and 20% is paid in the second month following purchase. 1. The company's cash collections for June are: 2. The company's accounts receivable balance on June 30 is: 3. The company's cash payments for June are: