Tilson Corporation has projected sales and production in units for the second quarter of the coming year as follows: Sales Production April May June 55,000 45,000 65,000 65,000 55,000 55,000 Cash-related production costs are budgeted at $7 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 $110,000 per month. The accounts payable balance on March 31 totals $193,000, which will be paid in April. All units are sold on account for $16 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 sole. Accounts recevable on April 1 totaled $520,000 ($100,000 from February's sales and $420,000 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 Essay Toolbar navigation BIVS E 31 IR