1. From the following forecasts of income and expenditure, prepare a cash budget for the months January to April 2019. Sales Purchase Manufacturing Administrative Months (Credit) (Credit) Wages expenses expenses Selling expenses 2018 Nov. 30,000 15,000 3,000 1,150 1,060 500 2018 35,000 20,000 3,200 1,225 1,040 550 Dec. 2019 25,000 15,000 2,500 990 1,100 600 Jan. 2019 30,000 20,000 3,000 1,050 1,150 620 Feb. 2019 35,000 22,500 2,400 1,100 1,220 570 March 2019 40,000 25,000 2,600 1,200 1,180 710 April Additional information in follows: 1. The customers are allowed a credit period of two months. 2. A dividend of Rs. 10,000 should payable on April 2019. 3. Rs. 25,000 worth machinery which has to be purchased on 1st January 2019, and payment will be settled each end of the month on five equal installments. 4. The creditors are allowing a credit of 2 months. 5. Wages are paid on the 1st date of the next months. 6. Lag in payment of other expenses is one month. 7. Balance of cash in hand on 1st January 2019 is Rs. 15,000.