3- Assume that we have the following estimations of the sales units for the 2024 sales, and that there should be 25% to be kept as closing balance from next quarter, and that the opening balance of the product (X) is 800 Units. You are required to prepare the 2024 budget of production: 1st Quarter, 2024 2nd Quarter,2024 3rd Quarter,2024 4th Quarter,2024 1st Quarter,2025 2000 units 6000 units 5000 units 4000 units 2000 units 4- A" Company estimates its sales for the next "5" months as following Feb March April May Jun July 10000 12000 15000 16000 18000 20000 "A" expects to sale at OMR 5 per unit. Sales policy is to receive 30% of its sales in cash in the same month of sale and 50 % in the next month and the rest on the third month. Purchases cost is expected to be 70% of the next month sales and is paid in two equal installments in the two months following the purchases month. Other expenses: Wages 30% of each month sales Rent OMR 12,000 paid on April and OMR 10,000. on June Taxes OMR 3,000 to be paid in two parts in May and July. Opening balance for April is OMR 4000. Loan is expected to be received on May 14th OMR 30,000. Instructions: 1- Prepare the Cash Budget for the second quarter of the year 2024(April- Jun).