18. From the following forecast of income and expenditure prepare a cash budget for the three months commencing Ist June, when the bank balance was Rs. 1,00,000. Factory Admin. and Selling Month Sales Purchases Wages Expenses Rs. Expenses Rs. Rs. Rs. Rs. April 80,000 41,000 5,600 3,900 10,000 May 76,500 40,500 5,400 4,200 14,000 June 78,500 38,500 5,400 5,100 15,000 July 90,000 37,000 4,800 5,100 17,000 August 95,000 35,000 4,700 6,000 13,000 A sales commission of 5 percent on sales, due two months after sales, is payable in addition to selling expenses. Plant valued at Rs. 65,000 will be purchased and paid for in August, and the dividend for the last financial year of Rs. 15,000 will be paid in July. There is a two month credit period allowed to customers and received from suppliers