Iron city, inc, has projected sales and production in units for the second quarter of the year as follows: Sales: April: 30,000 May: 20,000 June: 25,000 Production: april: 25,000 May: 25,000 June: 30,000 a. cash production costs are budgeted at 5 per unit produced. of these production costs, 35% are paid in the month in which they are incurred and the balance in the following month. selling and administrative expenses(cash) amount to 58,000 per month. the accounts payable balance on march 31 totals 92,000, all of which will be paid in april. prepare a schedule for each month showing budgeted cash disbursements for iron city. b. assume that all units will be sold on account for 12 each. cash collections from sales are budgeted at 65% in the month of sales, 20% in the following month of sale and the remaining 15% in the second month following sale. accounts receivable on march 31 totaled $238,000 (45,000 from february's sales and the remainder from march) prepare a schedule for each month showing budgeted cash receipts for iron city.