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a. Prepare a schedule of monthly cash receipts for June through September. b. Prepare the monthly cash payments for June through September. c. Prepare a complete monthly cash budget with borrowing and repayments for June through September. The maximum desired cash balance is $51,300. Excess cash (above $51,300 ) is used to buy marketable securitles. Marketable securities ate sold before borrowing funds in case of a cash shortfall (less than \$21,500). (Omit \$ sign in your response. Do not leave any empty spacos; input a 0 wherever it is required. Negative answers and amounts to be deducted should be indicated by a minus sign.) Ellis Electronics Company's actual sales and purchases for April and May are shown here, along with forecasted sales and purchases for June through September. The company makes 20 percent of its sales for cash and 80 percent on credit. Of the credit sales, 30 percent are collected in the month after the sale and 70 percent are collected two months after. Ellis pays for 20 percent of its purchases in the month after purchase and 80 percent two months after. Labour expense equals 25 percent of the current month's sales. Overhead expense equals $13,300 per month. Interest payments of $36,500 are due in June and September. A cash dividend of $56,500 is scheduled to be paid in June. Tax payments of $26,300 are due in June and September. There is a scheduled capital outlay of $430,000 in September. Elits Electronics' ending cash balance in May is $26,500. The minimum desired cash balance is $21,500

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