1. Estimated sales

Month	Sales (Rs.)
Jan20	100,000
Feb20	120,000
March20	140,000
April20	80,000
May20	60,000
June20	80,000
July20	100,000
Aug20	80,000
Sept20	60,000
Oct20	100,000

2. 80% sales are credit, 20% cash. 75% of credit sales are collected in one month, balance in 2 months. There are no bad debts.

3. Wages and salaries are payable as follows: 9000, 8000, 10000, 10000, 9000, 9000 respectively from April Sept.

4. Firm has taken loan of Rs. 120,000. Interest @ 10% to be paid quarterly in Jan / April etc.

5. Tax of s. 5000 Rs. be paid in July

6. Cash balance on 1^st April is Rs. 20,000 which is minimum required balance. Any surplus / deficit is made up by temporary investment / liquidation of temporary investment or temporary borrowings at the end of each month (ignore interest).