Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: April May Sales 47,000 37.000 57,000 Production 57.000 47,000 47,000 June Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 50% are paid in the month in which they are incurred 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 $176,000, which will be paid in April. All units are sold on account for $17 each. Cash collections from sales are budgeted at 50% in the month of sale, 40% 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 $455,000 ($95,000 from February's sales and $360,000 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. Required A Required Prepare a schedule for each month showing budgeted cash disbursements for Tilson Corporation April May June Production cost Cash disbursement Production costs this month (50%) Production cost prior month (50.0%) Seling and administrative Total disbursements $ 0$ Hei Required) Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: May Sales Production April 47,000 57,000 37,000 47,000 June 57,000 47,000 Cash-related production costs are budgeted at $5 per unit produced. Of these production costs, 50% are paid in the month in which they are incurred 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 $176,000, which will be paid in April. All units are sold on account for $17 each. Cash collections from sales are budgeted at 50% in the month of sale, 40% 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 $455,000 ($95,000 from February's sales and $360,000 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. Required A Required B Prepare a schedule for each month showing budgeted cash receipts for Tilson Corporation. April May June Total sales Cash receipts: February sales March sales April sales May sales June sales Total receipts $ 0 0