Please solve both the question with proper format and working notes .Thank you

Ql. At March 31. ABC Enterprises. a merchandising firm. had an inventory of38.000 units. and it had accounts receivable totalling $85,000. Sales. in units. have been budgeted as follows for the next four months: ABC's board ot'directors has established a policy to commence in April that the inventory at the end ot'each month should contain 40% ofthe units required for the following month's budgeted sales. The selling price is $2 per unit. One-third ot'sales are paid for by customers in the month of the sale, the balance is collected in the following month. Required: 3. Prepare a merchandise purchases budget showing how many units should be purchased for each of the months April, May, and June. b. Prepare a schedule of expected cash collections for each of the months April, May, and June. Q2. Monty Corporation, a merchandising company, has provided the following budget data: Purchases\" m sumo Collections from customers are normally 70% in the month of saie, 20% in the month following the sale, and 9% in the second month following the sale. The balance is expected to be uncollectible. Monty pays for purchases in the month following the purchase. Cash disbursements for expenses other than merchandise purchases are expected to be $14,400 for May. Monty's cash balance at May 1 was $22,000. Required: a. Compute the expected cash collections during May. b. Compute the expected cash balance at May 31