You have been asked to prepare a June cash budget for Brighton Company, a distributor of sports equipment. The following information is available about the companys operations:

1. The cash balance on June 1 will be $43,200.
2. Actual sales for April and May and expected sales for June are as follows:

	April		May		June
Cash sales	$	68,000			$	78,000			$	88,000
Sales on account		416,000				566,000				616,000

Sales on account are collected over a three-month period in the following ratio: 20% collected in the month of sale, 70% collected in the month following sale, and 8% collected in the second month following sale. The remaining 2% are uncollectible.

1. Purchases of inventory will total $316,000 for June. 30% of a months inventory purchases are paid during the month of purchase. The accounts payable remaining from Mays inventory purchases total $166,000, all of which will be paid in June.
2. Selling and administrative expenses are budgeted at $466,000 for June. Of this amount, $51,600 is for depreciation. These are paid in the period incurred.
3. A new Web server for the Marketing Department costing $76,600 will be purchased for cash during June, and dividends totalling $7,400 will be paid during the month.
4. The company must maintain a minimum cash balance of $21,600. An open line of credit is available from the companys bank to bolster the cash position, as needed.

Required: 1. Prepare a schedule of expected cash collections for June. 2. Prepare a schedule of expected cash disbursements for materials during June to suppliers for inventory purchases