You are presented with the following forecasted information relating to Baker Limited for the nine months to 30 September \(19 \times 7\).

Forecasted profit and loss accounts (abridged) for the three quarters to 30 September 19X7:

Additional information 1 Sales of tangible fixed assets in March \(19 \times 7\) were expected to realise \(£ 12,000\) in cash.
2 Administration, selling and distribution expenses were expected to be settled in cash during the month in which they were incurred.
3 Baker Limited includes as liquid resources term deposits of less than one year.
Required

(a) Calculate Baker Limited's forecasted net cash position at 31 March, 30 June, and 30 September \(19 \times 7\) respectively; and

(b) prepare a forecasted statement of cash flow for the nine months to 30 September \(19 \times 7\).

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Sales Cost of goods sold Gross profit Depreciation Administration, selling and distribution expenses Forecasted net profit March June Sept 19X7 19X7 19X7 000 000 000 250 300 350 (200) (240) (280) 50 60 70 (3) (20) (4) (37) (40) (42) 10 24