Wake 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 $6 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. The accounts payable balance on March 31 totals $270,000, which will be paid in April. All units are sold on account for $15 each. Cash collections from sales are budgeted at 55% in the month of sale, 35% 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 $485,000 ( $80,000 from February's sales and $405,000 from March's sales). The balance from February will be collected in April and $315,000 of the balance from March will be collected in April and $90,000 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