Wake Corporation has projected sales and production in units foc the sccond quarter of the coming year as follows: \begin{tabular}{|l|c|c|c|} \hline & April & Mlay & June \\ \hline Sales & 58,000 & 48,000 & 68,000 \\ \hline Production & 68,000 & 58,000 & 58,000 \\ \hline \end{tabular} Cash-related production costs are budgeted at 96 per unit produced. Of these production costs, 35% in which they are incurred and the balance in the following month. The accounts payable balance on March 31 totals \$196.000, which will be paid in April. All units are sold on account for $12 each. Cash collections from sales are budgeted at 5006 in the month of sale, 30% in the month following the month of sale, and the remaining 20% in the sccend month following the month of sale. Accounts receivable on April I totaled 5553,000 (5103,000 from February's sales and 5450,000 from March's sales). The balance from February will be collected in April and $270,000 of the balance from March will be collected in April and S180.000 of the balance will be collected in May. Required: a. Prepare a schedule for each month showing expected cash disbursements for Wake Corporation. b. Prepare a schedule for each month showing expected cash collections for Wake Corporation. Units of production Cost per unit Production cost Rxpected Cash Disbursments \begin{tabular}{|c|c|c|c|c|} \hline & April & May & June & Total \\ \hline \end{tabular} April purchases May purchases June purchases Total cash disbursements Units sold Selling price per unit Total sales Expected Cash Collections February sales March sales April sales May sales June sales Total cash collections