16.4 Griffin Metals Co. has provided the following data. Anticipated volumes (assume production equals sales each quarter): Quarter 1 100,000 tonnes Quarter 2 110,000 tonnes Quarter 3 105,000 tonnes Quarter 4 120,000 tonnes The selling price is expected to be 300 per tonne for the first six months and 310 per tonne thereafter. Variable costs per tonne are predicted as 120 in the rst quarter, 125 in the second and third quarters, and 130 in the fourth quarter. Fixed costs (in '000 per quarter} are estimated as follows: Salaries and . . . wages 3,000 for the rst half year, increasmg by 10% for the second half year Maintenance 1,500 Council rates 400 hisnrance 120 Electricity 1,000 Depreciation 5,400 Either costs 2,500 in the first and fourth quarters, 1,300 in the second and third quarters Interest 600 Capital 5,500 in the first quarter, 2,000 in the second quarter, 1,000 in the third expenditure quarter and 9,000 in the fourth quarter \"Wide\" 10,000 in the third quarter payment 1,000 in the first quarter, 5,000 in the second quarter, 4,000 in the third quarter and 3,000 in the fourth quarter Griffin has asked you to produce a profit budget and a cash forecast for the year (in four quarters) using the above data. Debt repayments