19. From the particulars given below prepare a cash budget for the month June 1999: [K4] Expected sales: April - Rs.2,00,000, May - Rs.2,20,000; June Rs. 1,90,000. Credit allowed to customers is two months and 50% of the sales of every month is on cash basis. Estimated purchases: May. - Rs.1,20,000, June - Rs. 1,10,000 40% of the purchase of every month is on cash basis and the balance is payable next month. Rs.2,000 is payable as rent Time lag in payment of overhead is 1/2 month. Overhead: for May Rs. 12,000; for June Rs. 11,000. Depreciation for the year is Rs. 12,000. Interest receivable on investment during June and December Rs.3,000 each. Tax payable during April Rs. 10,000 Estimated cash balance as on 1-6-1999 is Rs.42,500