Castor Inc. is preparing its master budget. Budgeted sales and cash payments for merchandise purchases for the next three months follow.
Sales are \(50 \%\) cash and \(50 \%\) on credit. Sales in March were page 807 \(\$ 24,000\). All credit sales are collected in the month following the sale. The March 31 balance sheet includes balances of \(\$ 12,000\) in cash and \(\$ 2,000\) in loans payable. A minimum cash balance of \(\$ 12,000\) is required. Loans are obtained at the end of any month when the preliminary cash balance is below \(\$ 12,000\). Interest is \(1 \%\) per month based on the beginning-of-the-month loan balance and is paid at each month-end. If a preliminary cash balance above \(\$ 12,000\) at month-end exists, loans are repaid from the excess. Expenses are paid in the month incurred and include sales commissions ( \(10 \%\) of sales), shipping \((2 \%\) of sales), office salaries ( \(\$ 5,000\) per month), and rent ( \(\$ 3,000\) per month). 

(a) Prepare a schedule of cash receipts from sales for April, May, and June. 

(b) Prepare a cash budget for each of April, May, and June (round interest payments to the nearest dollar).