TB Problem Qu. 8-202 (Algo) Tilson Corporation has projected sales and... Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 30% are paid in the month in which they are infurred 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 $195,000, which will be paid in April. All units are sold on account for $11 each. Cash collections from sales are budgeted at 45% in the month of sale, 25\% in the month following the month of sale, and the remaining 30% in the second month following the month of sale. Accounts receivable on April 1 totaled $542,000 (\$102,000 from February's sales and \$440,000 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. 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 receipts for Tilson Corporation