Question 3. (30 marks) For the second quarter of the following year Ronaldo Company has projected sales and production in units as follows: Sales Production April May June 38,000 41,000 45,000 50,000 48,000 46,000 Cash-related production costs are budgeted at $10 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the next month. $80,000 per month will account for Selling and administrative expenses. On January 31, the accounts payable balance totals $155.000, which will be paid in February. All units are sold on account for $25 each. Cast collections from sales are budgeted at 60% in the month of sale, 20%6 in the month following the month of sale, and the remaining 15% in the second month following the month of sale. On April 1 accounts receivable totaled Su. Submission Instructions: 1. Prepare a schedule for each month showing budgeted cash disbursements for Ronaldo Company. 2. Prepare a schedule for each month showing budgeted cash receipts for Ronaldo Company