Question 2 (15 points) Red Deer Company has projected sales and production in units for the second quarter of the coming year as follows: April May June Sales 50,000 40.000 60.000 Production 60,000 50.000 150.000 Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month, Selling and administrative expenses will amount to $100,000 per month. The accounts payable balance on March 31 totals $190,000, which will be paid in April All units are sold on account for $14 cach. Cash collections from sales are budgeted at 60% in the month of sale, 30% in the month following the month of sale, and the remaining 10% in the second month following the month of sale. Accounts receivable on April 1 totalled $500,000 (590,000 from February's sales and the remainder from March) Required: a a) Prepare a schedule for each month showing budgeted cash disbursements for Red Deer Company, b) Prepare a schedule for each month showing budgeted cash receipts for Red Deer Company Paragraph MacBook Air SO 00 DO $ 4