Tiki Company has projected sales and production in units for the second quarter of the coming year as follows:

April May June

Sales $50,00040,00060,000$

Production $60,00050,00050,000$

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 $$14$ each. Cash collections from sales are budgeted at $60\%$ in the month of sale, $30\%$ in the month following the month of sale, and the remaining $10\%$ in the second month following the month of sale. Accounts receivable on April $1$ totaled $$500,000($$$90,000$ from February's sales and the remainder from March$).$

Required:

$1.$ Prepare a schedule for each month showing budgeted cash disbursements for Tiki Company.

$2.$ Prepare a schedule for each month showing budgeted cash receipts for Tiki Company.