2 Abuhatim LLC has given the following particulars. You are required to prepare a cash budget for the three months ending 31 st December 2019 Months Sales Materials Wages Over heads ( OMR) (OMR) (OMR) (OMR) August 20000 10200 3800 1900 September 21000 10000 3800 2100 October 23000 9800 4000 2300 November 25000 10000 4200 2400 December 30000 10800 4500 2500 Credit terms are 1. Sales /Debtors 10% sales are on Cash , 50% of the credit sales are collected in next month and the balance in the following month 2. Creditors - materials 2 months Wages 1 month Over heads - 1 month 3. Cash balance on 1" October is expected to be OMR. 8000 4. A machinery will be installed in August at a cost of OMR. 100,000, the monthly instalment of OMR. 5000 is payable from October onwards 5. Dividend at 10% on preference share capital OMR. 300,000 will be paid on 1 st December 2019 6. Advance to be received for the sale of vehicles OMR.20000in December 7. Income tax tobe received in December OMR.5000