13 BMX is a building supplies company that sells products to trade and private customers. Budget data for each of the six months to March are given below: Credit sales Cash sales Credit purchases Other operating costs (excluding depreciation) Nov Jan Mar Oct 000 Dec 000 Feb 000 000 000 000 300 300 300 310 310 310 220 328 60 60 65 75 80 90 230 230 250 250 250 80 80 90 120 123 125 80% of the value of credit sales is received in the month after sale, 10 per cent two months after sale and 8 per cent three months after sale. The balance is written off as a bad debt. Seventy-five per cent of the value of credit purchases is paid in the month after purchase, and the remaining 25 per cent is paid two months after purchase. All other operating costs are paid in the month they are incurred. BMX has placed an order for four new forklift trucks that will cost 27,500 each. The scheduled payment date is in February. The cash balance at 1 January is estimated to be 25,000. Required: Prepare a cash budget for each of the THREE months of January, February and March. (Total: 30 marks)