Clay Corporation has projected sales and production in units for the second quarter of the coming year as follows:

April
May
June
Sales
50,000
40,000
60,000
Production
60,000
50,000
50,000

Cash-related production costs are budgeted at $5 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 $100,000 per month. The accounts payable balance on March 31 totals $190,000, 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 $450,000 ($70,000 from February's sales and $380,000 from March's sales).

Required: please show all work!

Prepare a schedule for each month showing budgeted cash receipts for Clay Corporation.